W Street Townhomes & Condos Financed!

It's been a long time coming, but Four Points' W Street townhomes and condos project (likely to be called something like Cedar Hill Row) has finally received financing! Stan Voudrie of Four Points, the developer, gave me the good news today that his company has entered into a joint venture partnership with a publicly-traded regional homebuilder to begin construction in 2011. Final building permits still need to be issued, and a formal announcement about the deal is expected early next week.


a slightly outdated aerial rendering - Click to Enlarge

Located the corner of W Street SE and 13th Street SE, the development is the first significant new-construction residential project in Historic Anacostia, and is on the same block as Big Chair Coffee and the under-construction Uniontown Bar & Grill. The project is comprised of 32 condo units, 7 townhouses, and a rebuilt single-family home that will replicate a structure that sat on the site until it was demolished last year.

This is amazing news for the neighborhood because until now one of its greatest deficiencies is its lack of housing diversity. You either buy a condo in an old mid-century low-rise apartment building conversion, a total fixer-upper, or a houseflip (and those aren't all bad ... wink wink). People like options, and this project will help fill in some of the gaps.