Real Estate Developments

The Springs Apartments

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Description

The Springs Apartments will be a 5-story, 104 unit mixed use development project led by The Arlington Partnership for Affordable Housing (APAH).  APAH will transform their existing 27-unit Carlyn Springs Apartments into 104 apartment units. Carlyn Spring was originally constructed in 1963. 

This new project will include 98 new units affordable to low and very low income individuals and families earning less than 60 percent of area median income. APAH will utilize 5,600 square feet of ground level space for their corporate headquarters. 

Total sources for the $40,139,900 project include:
$8,565,000 - VHDA
$22,097,200 - LIHTC Equity
$7,827,700 - Arlington County AHIF
$1,650,000 - Other

Amenities & Features:
  • Landscaped courtyard
  • Fitness Center
  • Business Center
  • Community Room
  • Bicycle Storage
  • Underground Parking

Project Details

Type

Mixed-Use

Status

In Progress

Address

4318 N. Carlin Springs Road

City

Arlington

State

VA

Zipcode

22203

Construction

New Development

Start Date

Early 2015

Expected Completion Date

Fall 2016

Architect(s):

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Number of units for rent

104

Number of units for sale

0

Number of affordable housing units

98

LEED Designation

Project Cost

40139900

Parking Spaces

111

Zoning

Hotel Rooms

0

Retail Space

0

Office Space

5600

Square Footage

0

Lowest Housing Sales Price

0

Highest Housing Sales Price

0

Lowest Rent Price

0

Highest Rent Price

0

Neighborhood:

Buckingham

Housing Rental Price Range:

Housing Sales Price Range:

# of Residential Units in Progress:

104

Hotels Rooms in Progress:

0

Office Space in Progress:

5600

Retail Space in Progress:

0

Closest Metro Station:

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    Closest Grocery Store within 1 mile:

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