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Wednesday, August 26, 2009

Jazz at Florida Avenue Closer to Reality

The Washington Business Journal reports that the D.C. Department of Housing and Community Development chose the proposed Jazz at Florida Avenue to be a recipient of stimulus funds. The Jazz was one of ten projects to receive such funds and was selected from a pool of twenty two. You may recall that I wrote about this exciting project-in-the-pipeline last month.

In related news, Banneker Ventures recently updated its website to include a project page about the Jazz at Florida Avenue, with the above image of the same. Banneker describes the project as follows:
The Jazz @ Florida Avenue is a mixed-use development to include 130 apartments, 20,000 square feet of retail space and underground parking. This transit oriented development is located on the 700 and 800 blocks of Florida Avenue, NW at the entrance to the U Street corridor and Howard University's main campus. Conveniently located just 1 block from 2 Metro rail stations (Howard/Shaw - Green Line and Cardozo/U Street - Green Line), this $40M project will have everything that a tenant is looking for-upscale rental units, fitness facility, party room, rooftop deck, restaurants, and much more. Designed by the award winning architect firm of Torti Gallas + Partners, The Jazz will me a model for sustainable development projects and is being built to meet the 2008 Green Communities Standards.
The development company states that construction should begin next summer, with lease-up expected to begin in Fall 2011.


Anonymous said...

Excited to hear about this development, but very confused about how stimulus money/DC Housing and Urban Development money was awarded for "affordable housing" when the project is described as upscale rental units? Secondly, since stimulus money is being used shouldn't the developer be expected to move up the groundbreaking rather than a target start date of next summer (which will inevitably be delayed)?

Shaw Rez said...

As reported previously, "The development will be a mixed-income project where at least 20% of the total residential units will be affordable at 50% of area median income. . . ."

I don't know about the timing strings attached to such funds, but I think summer 2010 is a pretty fast track for a project that we've not heard many details on to date...

residente said...

you've got to be shitting me? thats crazy good news.

Anonymous said...

Howard Theatre, Toque Cafe, now Jazz @ Florida? So exciting to see movement in east Shaw development!