Progression Place
Investment - NMTC
Location
Washington, D.C.
Closing Year
2011
Sponsor Partner
CRM Development Corporation
Project Type
TOD
Public Partner
District of Columbia
UA NMTC Allocation
$5 MM
Size
205 Units, 98,000 SF Office, 20,000 SF Retail
Progression Place is a mixed-use, transit-oriented development in D.C.'s Howard/Shaw neighborhood. Built atop the Howard/Shaw Metro Station, this development was ideally located to create a diverse, mixed-income community. The development includes 98,000 SF of office space for the United Negro College Fund, 20,000 SF of retail, 205 apartments (20% affordable), and 185 below-grade parking spaces. Urban Atlantic's $5 Million Allocation leveraged over $155 Million in project costs.