Arthur Capper/Carrollsburg

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Overview


 

Located in the Capitol Riverfront, the Capper/Carrollsburg redevelopment has transformed an aging public housing project into a thriving, mixed-income community. Approximately 50% built out as of 2018, the development plan includes over 1,600 townhomes, apartments, and condominiums, including one-for-one replacement of public housing units blended seamlessly throughout the community. It also includes nearly 50,000 SF of retail and 500,000 SF of office space. The project is one of the nation's largest Hope VI public-private redevelopments and will ultimately include over $1 Billion of development.

 

 

Location

Washington, D.C.

 

JV Partner

Forest City Enterprises

 

Public Partner

District of Columbia Housing Authority

 

Size

1600+ Units

600,000 SF+ Commercial

Year Completed

In Progress

 

Acreage

20 Acres

 

Project Type

Urban Mixed-Use

 

 

The Parks at Walter Reed

 

Overview


 

The Parks at Walter Reed is a master-planned community in Northwest Washington that respects the site's historic significance while creating a vibrant, diverse community for the 21st Century. With construction commencing in 2018, The Parks will ultimately include over 2,100 residential units (20% affordable), 175,000 SF retail, 300,000 SF office, and a 150-key hotel and conference center. It preserves 8 historic buildings and 20 acres of open space.

 

 

Location

Washington, D.C.

 

JV Partner

Hines &
Triden Development

 

Public Partner

District of Columbia

 

Size

3.1MM SF

Year Completed

In Progress

 

Acreage

66

 

Project Type

Mixed-Use, Adaptive Reuse

 

 

 

SkyHouse

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Overview


 

SkyHouse DC is an innovative adaptive reuse project that transformed two vacant office buildings - former 13-story EPA headquarters built in the 1970's in the Brutalist architecture style - into 530 Class A apartments. SkyHouse created the first residential units within the Waterfront Station redevelopment in Southwest Washington.

 

 

Location

Washington, D.C.

 

JV Partner

JBG Companies Fund

 

Public Partner

District of Columbia

Year Completed

2015

 

Project Type

Adaptive Reuse

 

Size

530 Units

 

 

Albemarle Square

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Overview


 

The Albemarle Square redevelopment bridged the gap between Baltimore's Central Business District and the more established residential neighborhoods of Little Italy and Fells Point. The project transformed 20 acres of dilapidated public housing into a vibrant mixed-income community including 338 housing units, a 40,000 SF community center, and 20,000 SF of new and refurbished retail.

 

 

Location

Baltimore, MD

 

JV Partner

The Integral Group

The Henson Group

 

Public Partner

Housing Authority of Baltimore City

 

Size

338 Units
60,000 SF commercial

Year Completed

2006

 

Acreage

20 Acres

 

Project Type

Mixed-Use,
Mixed-Income

 

 

 

New Carrollton Metro

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Overview


 

Offering immediate access to every transit option in the Washington Metro region, the New Carrollton Metro redevelopment will transform over 40 acres of surface parking lots into a 2.5MM SF mixed-use TOD. Ultimately, the site will be home to 1,500 residential units, 1.1MM SF office, 150,000 SF retail, and a 200-key hotel.

 

 

Location

New Carrollton, MD

 

JV Partner

Forest City Enterprises

 

Public Partner

WMATA
Prince George's County
State of MD

 

Size

2.5MM SF

Year Completed

In Progress

 

Acreage

49 Acres

 

Project Type

TOD

 

 

Rhode Island Row

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Overview


 

Developed on a former commuter parking lot, Rhode Island Row was the lynchpin in the revitalization of the entire Rhode Island Avenue NE corridor. The project transformed an underutilized parcel into a lively, 24-hour mixed-use community with 274 Class A apartments above 70,000 SF of entertainment and retail space right on a Red Line Metro Station.

 

 

Location

Washington, D.C.

 

JV Partner

A&R Development Corp.

 

Public Partner

WMATA

 

Size

274 Units
70,000 SF Retail

Year Completed

2012

 

Acreage

8.5 Acres

 

Project Type

Mixed-Use TOD

 

 

Parkside at Alexandria

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Overview


 

Originally developed as a rental townhome and garden apartment community, Parkside at Alexandria was acquired by Urban Atlantic in 2004. Urban converted the community into condominiums through a development that featured $53,000/unit in renovations including upgrades to kitchens, bathrooms, flooring, and HVAC systems. Parkside at Alexandria was a prime candidate for conversion due to its location, affordability for first time homebuyers, and majority townhome configuration. It became home to many "hometown heroes" including local police, firefighters, teachers and nurses.

 

 

Location

Alexandria, VA

 

Size

370 Units

Year Completed

2009

 

Project Type

For-Sale Condo Renovation

 

 

Legacy at Lincoln Park

 

Overview


 

Legacy at Lincoln Park is a national model for public-private revitalization utilizing no public funding for development costs. This innovative development replaced an obsolete public housing community with 60 townhomes and detatched single family homes. Urban Atlantic worked with Rockville Housing Enterprises on an innovative mortgage program that allowed households from a wide range of incomes to purchase within the new community.

 

 

Location

Rockville, MD

 

Public Partner

Rockville Housing Enterprises

 

Size

60 Units

Year Completed

2007

 

Acreage

5

 

Project Type

For-Sale New Construction

 

 

Chatham Square

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Overview


 

Chatham Square is a mixed-income development in Alexandria. Urban Atlantic developed 52 affordable rental townhomes blended seamlessly throughout a larger market-rate, luxury for-sale townhome community developed by EYA. The project's architecture reflects its Old Town context, and a central common green is an amenity enjoyed by all residents.

 

 

Location

Alexandria, VA

 

Public Partner

Alexandria Redevelopment and Housing Authority

 

Size

52 Units

Year Completed

2005

 

Project Type

Mixed-Income

 

 

 

Willow Oaks

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Overview


 

Willow Oaks transformed the obsolete Morningside Homes public housing development and the surrounding Lincoln Grove area into a vibrant, mixed-income, mixed-use community. The development includes 40 senior units, 160 rental units, 274 for-sale units, 10,000 SF of planned neighborhood retail, a 13,000 SF community center, and 7+ acres of open space.

 

 

Location

Greensboro, NC

 

JV Partner

N/A

 

Public Partner

Greensboro Housing Authority

 

Size

519 Units
23,000 SF Commercial

Year Completed

2007

 

Acreage

100+

 

Project Type

Mixed-Income

 

 

 

Oaks at Riverview

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Overview


 

Located in Tampa's historic Old Seminole Heights, Oaks at Riverview created a celebrated mixed-use, mixed-income community comprised of 346 homeownership, rental and seniors units, 5,000 SF of retail, a 5,000 residential community complete with a state-of-the-art fitness center and pool, and an 8,000 SF senior health cente, and a 16,000 SF community recreation center.

 

 

Location

Tampa, FL

 

JV Partner

H.J. Russell & Company &
The Henson Development Company

 

Public Partner

Tampa Housing Authority

 

Size

346 Units
30,000 SF Commercial

Year Completed

2009

 

Acreage

30

 

Project Type

Mixed-Use,
Mixed-Income

 

 

 

College Park

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Overview


 

College Park brought new life to a former public housing community immediately adjacent to Memphis's LeMoyne Owen College. The new community features 411 mixed-income residential units including rental, for-sale and seniors, as well as a 40,000 SF community building that houses community services, youth recreational facilities, the Memphis Police Department, and a community bank branch. It paved the way for an additional 400 units developed directly by MHA in a second development phase.

 

 

Location

Memphis, TN

 

JV Partner

The Integral Group

 

Public Partner

Memphis Housing Authority

 

Size

411 Units
40,000 SF Commercial

Year Completed

2001

 

Acreage

24

 

Project Type

Mixed-Income

 

 

 

Henson Ridge

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Overview


 

Henson Ridge transformed 650 obsolete public housing units into a new, mixed-income community that includes 320 for-sale and 280 rental units in a mix of market-rate, moderate, and affordable units.

 

 

Location

Washington, D.C.

 

JV Partner

The Integral Group

The Henson Group

 

Public Partner

District of Columbia Housing Authority

 

Size

600 Units

Year Completed

2008

 

Acreage

60

 

Project Type

Mixed-Income

 

 

Woods at Addison

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Overview


 

Built in the 1980’s, Woods at Addison was acquired in 2013 by Urban Atlantic and its non profit partner NHP through an Affordable Preservation Fund by PNC Bank. Following capital improvements, Urban and NHP sold the property to a joint-venture between Urban Atlantic and Federal Capital Partners that allows continued capital improvements and the preservation of the properties as affordable to moderate-income households

 

 

Location

Capitol Heights, MD

 

Size

225 Units

Year Completed

2014

 

Project Type

Affordable Renovation

 

 

Bolton North

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Overview


 

Built in 1975, Bolton North is a 209‐unit affordable senior housing hi‐rise located in Baltimore City’s historic and thriving Bolton Hill neighborhood. Through an Affordable Housing Preservation Fund by PNC Bank, Urban Atlantic and its partner NHP acquired the property in 2013. In 2017, they refinanced it using Low Income Housing Tax Credits in order to preserve long term affordability and implement $7 Million in capital improvements.

 

 

Location

Baltimore, MD

 

Size

209 Units

 

JV Partner

NHP

Year Completed

2013

 

Project Type

Affordable Renovation

 

Holly Spring Meadows

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Overview


 

Built in the 1980’s, Holly Spring Meadows was acquired in 2013 by Urban Atlantic and its non profit partner NHP through an Affordable Preservation Fund by PNC Bank. Following capital improvements, Urban and NHP sold the property to a joint-venture between Urban Atlantic and Federal Capital Partners that allows continued capital improvements and the preservation of the properties as affordable to moderate-income households

 

 

Location

Forestville, MD

 

Size

224 Units

Year Completed

2014

 

Project Type

Affordable Renovation

 

 

The Aspen

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Overview


 

Located in Washington, D.C.'s Mount Vernon Triangle, The Aspen is a Class A apartment building in a thriving “live-work-play”community. With expansive windows, rich masonry, and balanced façade, the Aspen offers residents a modern yet timeless appeal in an ideal location.

 

 

Location

Washington, D.C.

 

EB-5 Raise

$9.0 Million

 

Sponsor Developer

A&W 4th Street, LLC,
Blue Sky Housing, &
Paramount Development

 

Year Completed

2017

 

Project Type

TOD Multifamily

 

Size

124 Units
6,810 SF Retail

 

 

 

Howard Theatre

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Overview


 

Built in 1910, the Howard Theatre is the oldest major African American Theatre in the United States. Together with Howard Theatre Restoration, Inc., Urban Atlantic leveraged NMTCs to fund the $26 million historic restoration of the theatre. This included the full restoration of the façade to its 1910 appearance, excavation of a fully functional basement and construction of a three-story addition on the rear of the building. The Howard Theatre restoration acted as a catalyst for additional development in the neighborhood. Urban Atlantic's $5 Million Allocation leveraged over $27 Million in project costs.

 

 

Location

Washington, D.C.

 

Sponsor Developer

Howard Theatre Restoration, Inc.

 

Public Partner

District of Columbia

 

UA NMTC Allocation

$5 Million

Closing Year

2011

 

Project Type

Historic Renovation

 

Size

22.4K SF