NRP Group Celebrates Grand Opening of Affordable Housing Property in DC
The NRP Group, in partnership with Marshall Heights Community Development Organization, Inc., announced the completion and opening of Emblem Apartments, a 115-unit affordable housing community located in the heart of Washington, D.C.’s NoMa and Union Market neighborhoods.
“We call this community ‘Emblem’ for a reason: because it is emblematic of how NRP and our partners are committed to bringing deeply affordable housing to high-access, high-opportunity neighborhoods,” said Chris Marshall, Vice President of Development at The NRP Group.
Located at 301 Florida Avenue NE in Washington, D.C., Emblem Apartments is a 13-story flatiron apartment building on a triangular site just over one mile from the U.S. Capitol Building. Immediately adjacent to the Union Market District, the community puts residents within walking distance of dining, shopping and entertainment destinations.
Emblem Apartments was made possible through a collaborative financing structure involving the DC Housing Finance Agency, DC Department of Housing and Community Development, DC Housing Authority, DC Green Bank and Bank of America. The project represents NRP’s first affordable housing development in Washington, D.C.
Other News
IPA Brokers Sale of 50-Acre Bothell Multifamily Asset
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Griffis North Creek, a 524-unit multifamily property in Bothell, Washington. “Griffis North Creek is an institutional-quality asset situated on nearly 50 acres of land in one of the region’s most dynamic employment hubs, a combination that is increasingly difficult to replicate in...
Learn more
Austin Developer Greenlit to Build Apartment Units at Former School Site
OHT Partners was recently greenlit by the Austin City Council for a zoning change to build a 435-unit apartment complex on the site of a former Austin school. The site under consideration is where the shuttered Rosedale Elementary is located. The Austin Business Journal reports that currently, the property is owned by the school district. The...
Learn more
N. Phoenix Apartments Trade for $58.7M
Institutional Property Advisors (IPA) brokered the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The asset traded for $58.7 million, or $225,769 per unit. DR Horton was the seller, Millburn & Company the buyer. Steve Gebing and Cliff David, IPA executive managing director of investments, represented the seller and procured...
Learn more
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout