Real Estate Developments

Samuel Madden Homes ‐ 9%

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Description

The Subject is the 9% portion of a 9%/4% twinning LIHTC overall Samuel Madden Homes Development. The Subject component will consist of 75 units restricted to households earning 30, 50 and 60 percent of the AMI, or less. The overall Samuel Madden Homes development will be a 207-unit affordable development, with the 9% portion (Subject) offering 75 units and 4% portion offering 132-units. We have completed no additional prior work on the Subject within the last three years. The following report provides support for the findings of the study and outlines the sources of information and the methodologies used to arrive at these conclusions.


Project Details

Status

In Progress

Address

999 N Henry St

City

Alexandria

State

VA

Zipcode

22314

Construction

New Development

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Source(s):
VHDA
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Number of units for rent

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Number of units for sale

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Number of affordable housing units

LEED Designation

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Parking Spaces

Zoning

Hotel Rooms

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Retail Space

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Office Space

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Square Footage

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Lowest Housing Sales Price

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Highest Housing Sales Price

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Lowest Rent Price

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Highest Rent Price

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          Sources:

          VHDA

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          AreaProbe is a research and advisory firm focused on housing and commercial real estate development in urban communities. Our proprietary tech platform reduces turnaround time on research and analysis projects for developers by an average of 75% relative to the market. We combine that efficient, data-backed analysis with an understanding of how different cultural groups interact with the real estate market, and what it means for developers, investors, and financiers. We also facilitate access to capital and project management services from the network we've built during more than four decades of collective experience in real estate development, finance, design and urban planning.