Real Estate Developments

VIDA Senior Residences at Brightwood

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Description

Vida Senior Residences at Brightwood is a 36 unit residential apartment complex for individuals that are over the age of 55 with incomes less than 50 percent AMI. The rental rate for the apartments will range from $281 - $851.

Financing for the development project came in a variety of sources. The development team received a grant from Enterprise Green Communities, Low Income Housing Tax Credits, a Neighborhood Investment Fund Predevelopment Grant along with conventional debt (construction and permanent), and McKinney Act Predevelopment Loan.

Amenities & Features:
  • Private Shuttle Service
  • 19,000 SF of Common Space
  • Vegetative Roof System


Project Details

Type

Senior Housing

Status

Completed

Address

1330 Missouri Avenue, NW

City

Washington

State

DC

Zipcode

20011

Construction

New Development

Start Date

2011

Expected Completion Date

4Q 2011

Developer(s):

Dantes Partners

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Financier(s):
Enterprise Green Communities
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Number of units for rent

36

Number of units for sale

0

Number of affordable housing units

36

LEED Designation

Project Cost

0

Parking Spaces

Zoning

R-5-C

Hotel Rooms

0

Retail Space

0

Office Space

0

Square Footage

26

Lowest Housing Sales Price

0

Highest Housing Sales Price

0

Lowest Rent Price

0

Highest Rent Price

0

Neighborhood:

16th Street Heights,Brightwood,Northwest 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:

Closest Metro Station:

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    Closest Grocery Store within 1 mile:

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          Project Financier(s):

          Enterprise Green Communities

          Contact Us
          Office Location
          • Washington, DC-HQ
            1440 G Street, NW 8th Fl
            Washington, DC 20005
            Phone: 202-788-0407
          • New York, NY
            28 Liberty Street, 6th Fl
            New York, NY 10005
            Phone: 929-383-5327
          • Long Beach, CA
            3750 Schaufele Avenue
            Long Beach, CA 90808
            Phone: 562-337-3044
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          About Areaprobe

          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.