NDC’s Heights Project Set to Start in January 2012
As was brought to my attention by a reader, the Washington Business Journal reported yesterday that the Neighborhood Development Company’s (NDC) long delayed Heights project has finally secured financing. In following up with NDC’s Adrian Washington, he confirmed that the development is set to begin in two to three weeks.
The joint NDC/MiCasa Inc. project was originally planned to start in the fourth quarter of 2010. As I wrote in August 2010, the property — located on the southwest corner of Georgia Avenue and Lamont Street (between 3224 and 3234 Georgia Ave.) — will be a mixed use, mixed income development designed to contain 69 units with 10,000 square feet of ground floor retail space. At least 50 % of the units are planned to be market rate with the other 50% of the units being affordable at 60% to 80% of the Average Median Income.
Once ground breaks the project will take 16 months to complete, placing its finish at the beginning of 2013.Construction, Development, Housing, Retail comment below, or link to this permanent URL from your own site.