Real Estate Developments

Conway Center

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Description

The DC based non-profit organization, So Others Might Eat (SOME) has plans to construct a 202 multi-family apartment complex near the Benning Road metro station in Deanwood. 178  apartment units will be designated for homeless families and individuals. SOME will also utilize the complex to expand its Center for Employment Training, and construct a 36,000 sq ft medical and dental clinic.

The $90 million development deal for The Conway Center closed on October 30, 2015 and leverages approximately $70 million in approved public funding, tax credits, tax exempt bonds and low-interest loans. SOME is raising the additional $20 million needed to complete the facility.

Project Details

Type

Mixed-Use

Status

Completed

Address

4430 Benning Road NE

City

Washington

State

DC

Zipcode

20019

Construction

New Development

Start Date

2015

Expected Completion Date

November 2017

Developer(s):

General Contractor(s):

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Source(s):
www.businesswire.com
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Number of units for rent

202

Number of units for sale

0

Number of affordable housing units

202

LEED Designation

Project Cost

90000000

Parking Spaces

Zoning

C-3-A

Hotel Rooms

0

Retail Space

36000

Office Space

0

Square Footage

320000

Lowest Housing Sales Price

0

Highest Housing Sales Price

0

Lowest Rent Price

0

Highest Rent Price

0

Neighborhood:

Capitol View,Northeast Washington

Housing Rental Price Range:

Housing Sales Price Range:

# of Residential Units in Progress:

Hotels Rooms in Progress:

Office Space in Progress:

Retail Space in Progress:

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