Crescent Communities’ NOVEL 14th Street, a brand-new upscale multifamily community offering 197 apartment homes, has opened.
Incorporating DC’s newest coffee social house, Land of a Thousand Hills, NOVEL 14th Street is located just north of the U Street Corridor at 2601 14th Street NW. “At NOVEL 14th Street, we’ve created a community that honors the rich heritage of its neighborhood while embracing the energy of today’s residents,” said Brandon Wright, Crescent Communities’ Managing Director for Washington, D.C., Virginia, and Maryland.
NOVEL 14th Street offers a fitness center and yoga studio overlooking The Retreat, an outdoor communal green space perfect for wellness. The property also has public and private coworking spaces, a resident lounge, library, and game room, and an outdoor entertainment area overlooking the District. Just a short walk from Metro’s Green Line, the community is close to restaurants, galleries, creative cocktail bars and venues.
Jonathan Rose Companies and Community Opportunity Fund, a nonprofit focused on expanding affordable housing and connecting residents to opportunity, announced plans for a comprehensive $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable senior housing community in Ashtabula, Ohio. The project represents a significant reinvestment in a longstanding community asset, with updates designed to enhance...
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Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...
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EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...
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