Development_Featured

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

 

 

 

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

 

 

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