Howard Manor Overview Alliance for Housing Solutions
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Transcript of Howard Manor Overview Alliance for Housing Solutions
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Howard Manor OverviewHoward Manor OverviewAlliance for Housing Solutions
May 15, 2013
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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+
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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)
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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
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Progress Photos
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Christopher EverettCommunity Preservation and Development Corporation
Real Estate Development Officer
202.885.9554
Contact Information