E nvironmental /G reen B uildings

Real Estate Journal — Environmental/Green Buildings — February 22 - March 14, 2019 — 5B


M id A tlantic

ASHINGTON, DC —Community lead- ers celebrated the New 'green' community will offer affordable apartments, to residents inWashington, DC's Ward 8 The Michaels Organization, Emmanuel Baptist Church and APDC host Groundbreaking W

groundbreaking of Ainger Place Apartments, a new affordable housing community being con- structed along Ainger Place, SE, in Washington, DC’s Ward 8. The event was hosted by Ainger Place Apartments’ de- velopers: The Michaels Orga- nization , Emmanuel Baptist Church , and Ainger Place Development Corporation . “We are very grateful to The Bowser Administration, the City Council, the local ANC, and everyone else in this com- munity whose strong support for new, high quality afford- able housing has enabled us to celebrate this milestone today” said Christopher Earley , Michaels’ vice president of de- velopment. Ainger Place Apartments will offer 72 spacious and environ- mentally conscious apartments in a mix of one-, two, and three- bedroom layouts. Centered around a courtyard of green space, the three-story elevator building will have on-site park- ing as well as a fitness area, a HOBOKEN, NJ — Bijou Properties , a community- minded real estate developer with nearly 20 years of experi- ence on New Jersey’s Hudson River Gold Coast, is set to expand its portfolio of sustain- able and luxury residential and commercial buildings into new and exciting markets in Northern New Jersey. Based in Hoboken Bijou Properties has been the most active developer in its home city having delivered $400 million in projects, includ- ing 350 units and 60,000 s/f of commercial space, in the past three years. The high volume of development activ- ity in Hudson County has spurred Bijou Properties to turn its attention west where it has plans for new projects in emerging, transit-oriented suburbs such as Morristown

Michaels, Emmanuel Baptist Church, and APDC hosted a ceremo- nial groundbreaking with city officials and community leaders.

Centered around a courtyard of green space, the three-story elevator building will offer 72 affordable apartments as well as a fitness area, a community club room and a business center.

community club room and a business center. “Mayor Muriel Bowser and the developers of Ainger Place share a bold vision: working to- gether to provide more safe and affordable housing for District residents. Thanks to a large commitment from the Hous- ing Production Trust Fund, the vision is becoming a real- ity and sets a strong example of the partnerships needed to further expand affordable hous- ing across the city,” said D.C. Department of Housing and

Community Development director Polly Donaldson . The community will be 100% affordable for families with in- comes up to 50% of the Area’s Median Income (AMI) and will have eight apartments permanently set-aside for the formerly homeless. The com- munity spaces will be the site of programming and supportive services from non-profit service providers, including the locally based organization Open Arms Housing. The $29.3 million housing

development will be 100 per- cent affordable for families with incomes up to 50 percent of the Area’s Median Income (AMI) and will have eight apart- ments permanently set-aside for the formerly homeless. The D.C. Housing Authority will provide rent subsidies for 18 of the units, which include the 8 designated as permanent sup- portive housing, and 10 that are reserved for households earned 30% or less of AMI. Once complete, The Michaels designed to perfectly blend with the fabric of the commu- nity. These eco-friendly proj- ects have achieved the highest levels of LEED-certification from the U.S. Green Build- ing Council and are planned closely with local municipalities to guarantee the needs of its residents are met. The key to Bijou’s growth and success has been an abil- ity to identify development opportunities in up-and-coming neighborhoods with access to mass transportation and retail where it can create premium, sustainable residences and public services and amenities that reflect the company’s sig- nature focus on green building, according to Mr. Mazzola. “We have a robust pipeline of future developments with over $350 million in mixed-use, multi-family properties under

Organization, the largest, pri- vately owned owner of afford- able housing in the country, will provide property manage- ment services to Ainger Place. Additional members of the development team include Boz- zuto Construction , which is serving as the general contrac- tor, and local architect McKis- sack & McKissack . Kitchen & Associates is the supervi- sory architect. The tax credits were syndicated by Riverside Capital .  construction and plans to in- troduce cutting-edge buildings in the walkable, live/play down- town centers of Morristown and Montclair,” he says. “We pride ourselves on be- ing a strong community part- ner that creates the kinds of sustainable, high-quality, and award-winning projects that make neighborhoods truly livable. Our Hoboken proj- ects are creating acres of new open space and a public gym- nasium, include integrated flood resiliency measures, pro- vide space for Elysian Charter School [a charter school], Mile Square Theatre [a non-profit theater], and the Garden Street Farmer’s Market [a farmer’s market], and host some of the most unique tenants, includ- ing Gravity Vault and Hudson Table [a rock climbing gym and culinary studio].” 

Bijou Properties building on Hoboken success to deliver award-winning projects in New Jersey’s Western suburbs

700 Jackson rendering

development of multiple com- plex, award-winning projects for Bijou Properties, including acquisitions, financing, design and construction, marketing, and leasing. Bijou Properties develops high-performing, environmen- tally-conscious buildings, each constructed with the latest green building practices and

and Montclair. Bijou Properties has promot- ed Chris Mazzola to the role of director of development to direct its expansion into Mor- ris and Essex Counties, while keeping a keen eye on current and future real estate activities in Hoboken. The new assign- ment expands onMr. Mazzola’s existing role overseeing the

Made with FlippingBook - Online magazine maker