Howard Manor Overview Alliance for Housing Solutions
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Transcript of Howard Manor Overview Alliance for Housing Solutions
Howard Manor OverviewHoward Manor OverviewAlliance for Housing Solutions
May 15, 2013
Who We Are
Nationally recognized for innovative redevelopment projects
26 rental communities owned and/or developed in DC, MD and VA
Communities Units Residents Investment
26 4,300+ 9,300+ $550 M+
Howard Manor Overview
Property Location• 2001 N. Cleveland Street, Arlington VA.
• Located north of Lee Highway near Rosslyn Property Description
• Built in 1958 (approx.)
• 76 unit garden style apartment
• 1.82 acres consisting of 3 buildings
Development Summary• 9% LIHTC
• TDC- $23M ($302K/unit)
• Acq- $10M ($131K/unit)
• Construction Costs- $7.8M
($103K/unit)
Project Timeline
3 Phase Development Building 1: Dec ‘12 Building 2: May ‘13 Building 3: Aug ‘13
Acquired property in June 2011
Development Partners VHDA, Hudson,
Capital One Wiencek + Associates Hamel Builders JDC
Acquisition Construction Substantial Completion
Scheduled for Sept ‘13
Progress Photos
Christopher EverettCommunity Preservation and Development Corporation
Real Estate Development Officer
202.885.9554
Contact Information