445-Unit Mixed-Use Development Adjacent to Audi Field Will Be Delayed
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Plans for a large mixed-use development adjacent to Audi Field will be delayed.
Hoffman & Associates have filed an application with DC's Zoning Commission to extend the design approval for a new 445-unit development next to the DC United soccer stadium (map) by two years. Like many developments in the works around the region, the project is having difficulty securing financing.
"The Project requires a significant amount of private financing for the market-rate commercial and residential portions of the Project, and the Applicant has been unable to secure such financing due to uncertainty in the financial markets that has led to hesitation from investors," the extension application stated. "The resulting delays have also resulted in the lapse of the awarded public financing."
As approved two years ago, the 12-story, S-shaped building is slated to have 110 senior one-bedrooms, 345 apartments, a new office headquarters for non-profit Volunteers of America (VOA), and 49,000 square feet of ground-floor retail, restaurant, and entertainment space. Brooklyn Bowl DC has been lined up to take 38,000 square feet of the retail space with a venue that includes 14 lanes for bowling, a 1,200 person concert venue, a craft bar and a menu curated by New York City’s Blue Ribbon Restaurant Group.
The senior units will be affordable to households earning up to 30% and 50% of AMI, and 29 of the other apartments will be affordable to households earning up to 60% of MFI. There will also be 305 parking spaces and 178 long-term bicycle spaces across two below-grade levels. StudioMB and STUDIOS Architecture are the designers, and MKSK is the landscape architect.
The development team will go before the Zoning Commission next month. If the extension is approved, Hoffman will have until July 2027 to commence construction.
See other articles related to: audi field, buzzard point, hoffman & associates, parcel b
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/445-unit_mixed-use_development_adjacent_to_audi_field_will_be_delayed/23482.
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