605 Rhode Island Ave NE
605 Rhode Island Ave NE, Washington DC
Located directly adjacent to the Rhode Island Ave Metro station and the Metropolitan Branch Trail, the property is a 2.14-acre assemblage of seven lots, six of which are owned by affiliates of the Greater Mount Calvary Baptist Church and have been ground leased for 102 years to Jair Lynch. The seventh lot is owned by Jair Lynch.
Currently improved with a mix of low-rise commercial, institutional, and light-industrial buildings, the property will be redeveloped in two phases. The initial phase is planned as approximately 325,000 square feet of mixed-income housing slated to include approximately 383 Class A apartments. Of the 383 apartments, 53 are planned as affordable residential units serving families and individuals earning up to 60% Area Median Income (“AMI”), and 76 are planned as moderate-income units serving families and individuals earning up to 80% AMI. The design plans uphold high quality standards, include innovative green construction elements, and deliver a truly unique destination.
“We’re trying to provide pricing points for people in the middle, like firefighters and teachers… we see this as an opportunity to provide true workforce housing.”
– Senior Development Manager, Kaleena Francis Lee.
The second phase of this project intends to deliver 202 units of mixed-income Class A housing across approximately 176,000 square feet with green features, high-quality design, and desirable building amenities that will ultimately contribute to the overall enhancement of Rhode Island Avenue’s options for connectivity, walkability, and destination retail.
Construction is expected to begin in 2023.