The Westerly in Washington, D.C.

AHC, Hoffman & Associates Open 449-Unit Mixed-Income Community in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Affordable Homes & Communities (AHC) and Hoffman & Associates have opened The Westerly, a 449-unit mixed-income community in Washington, D.C. The asset is located approximately three blocks from The Wharf, a mixed-use development co-developed by Hoffman & Associates.

The Westerly offers studio, one- and two-bedroom apartments, including 136 units that are evenly split with income restrictions set at 30 and 50 percent of the area median income. The property features 20,000 square feet of amenities such as a rooftop pool deck, courtyard with a fire pit, entertainment lounges, fitness center, co-working and meeting spaces and a lobby lounge. The property also includes 29,000 square feet of retail space leased to Good Company Doughnut Café, GoodVets and AppleTree Public Charter School.

AHC and Hoffman funded the development using a market-rate equity investment with both 4 percent and 9 percent Low-Income Housing Tax Credits. The project team also included development partners CityPartners and Paramount Development; capital partners Grosvenor Americas, Merchants Capital and The Richman Group; and civic partners DC’s Office of the Deputy Mayor for Planning and Economic Development, DC’s Department of Housing and Community Development and DC’s Housing Finance Agency.

The design-build team included interior designer Hickok Cole and general contractor Clark Construction. Michael Vergason designed the landscaping. Torti Gallas + Partners was the architect. Bozzuto is the property manager.

You may also like