Breaking Ground of $109M Mixed-Income Washington, D.C. Development


This week, Flaherty & Collins Properties and our development partner, AEDC, officially broke ground on The Residences at St. Elizabeths East, a $109 million dollar mixed income housing apartment development in Ward 8 in Washington, D.C. at the site of the former St. Elizabeths Hospital East Campus.

The Residences at St. Elizabeths East will consist of a total of 252 units, 202 affordable apartment homes available at 50 percent of the area median income (AMI), and 50 market rate apartment homes, presenting a unique 80 percent affordable, 20 percent market rate, mixed-income product.

“We are excited to officially break ground on this transformational project for the St. Elizabeths campus and the Ward 8 neighborhood,” says Duane Miller, Vice President of Community Development and Asset Management for Flaherty & Collins Properties. “This project has been years in the making, and through a lot of hard-working partnerships, we have all been able to make this project a reality.”

“The quality of the development at The Residences at St. Elizabeth East will connect, activate and enhance the relationship of the campus to the community and the community with the campus, creating a shared quality of life experience for all,” says Stan Jackson, President and CEO of AEDC.

At 183 acres, St. Elizabeths East is the largest remaining undeveloped parcel in the District of Columbia. The Residences at St. Elizabeths East project, as a part of Phase 1 for the East Campus’s redevelopment, will be part of a larger vision for the St. Elizabeths East Campus and will serve as a holistic community revitalization effort, combining business, research, higher education, and entertainment. This includes the new $65 million Entertainment & Sports Arena, an 18,000 square foot center that holds 4,200 guests and serves as the home of the WNBA Washington Mystics and Capital City Go-Go of the NBA G League.

The development will be made up of the seven historic buildings on CT Campus, all of which are currently vacant. The seven buildings are interconnected and are situated in an oval pattern, with one central building surrounded by the remaining six.

The Residences at St. Elizabeth’s East will offer larger units that cater to family needs and will provide opportunities for local entrepreneurs to offer services to the residents and be a part of the neighborhood revitalization.

This housing will be a catalyst for clean and safe housing in the East of the River and Anacostia neighborhoods, and will provide critical population density for the St. Elizabeths East Campus’s early success. The project’s income mix will attract an array of DC’s citizens to the campus for living, working, and community building.

The Residences will be authentic to the district’s rich heritage and will be focused around the active lifestyle of the Congress Heights burgeoning community. Features and amenities include a clubroom, large four seasons room, fitness area, secured exterior community area including a playground, recreational area, and outdoor grilling area, secured parking and onsite leasing center. Apartments will include granite countertops, high grade appliances and smooth top ranges.

The project has drawn a variety of financial sources, including Low Income Housing Tax Credits, Historic Tax Credits, TE Bonds, Deferred Fee, Seller Financing, and DC DHCD funds.

Project partners include the District of Columbia, Events DC, LISC, District of Columbia Housing Finance Agency, R4 Capital, Department of Housing and Community Development (DCHD), Office of the Deputy Mayor for Planning and Economic Development (DMPED), and the Entertainment & Sports Arena.

Cunningham Quill is the project architect, while GCS Sigal main construction subcontractor, while Flaherty & Collins Construction is the general contractor. The project, at 342,585 gross square feet, plans to be completed by the December 2020.

When You’re Downtown

We’re humming a little tune this week…

That’s right…we’re ready to go there – to Downtown Terrace, that is! Our Affordable Development team has been working hard on this project over the past couple years and our grand opening is just around the corner, to be held next Wednesday, March 18 at 10:30am at the site, located at 611 Main Street in Petersburg.

Downtown Terrace

Downtown Terrace, which features 42 affordable senior apartment homes, is a collaborative effort between the City of Petersburg, Pike County Progress Partners, Jim Higgs Associates, Myszak + Palmer, and Flaherty & Collins Properties. Pike County Progress Partners, Inc. is the sponsoring not-for-profit agency for this community development initiative. Flaherty & Collins Properties will manage the property.

Good Samaritan Hospital will be the anchor tenant for the newly constructed building, which includes approximately 10,500 square feet of retail and office space. They will run an urgent care facility on the main floor, providing mental health service and a physician’s clinic.

“We are thrilled to open Downtown Terrace to the City of Petersburg and the residents who will call it home,” says Duane Miller, Vice President of Community & Asset Management for Flaherty & Collins Properties. “It has been an exciting project and looks fantastic.”


Downtown Terrace maximizes location, with many Petersburg amenities, such as restaurants, parks, grocery stores, shopping, entertainment, banks, churches and medical facilities, all located within close proximity to the project. An outdoor green space and attractive landscaping transform the entire block, and on-site parking is available.

RomWeber Flats Awarded Lt. Governor’s Award for Excellence in Affordable Housing

RomWeber IHCDA AwardWe get pretty excited for awards around the corporate office – it means a great deal to our staff to be recognized for our hard work and efforts! This past week, RomWeber Flats, managed by Flaherty & Collins Properties, was awarded the 2014 Lt. Governor’s Award for Excellence in Affordable Housing and Rural Community Development, so we are especially thrilled.

“Through creative thinking and solid community planning, the former RomWeber furniture factory was given new life as an affordable senior community,” said Indiana Lt. Governor Sue Ellspermann. “the building leads the way in revitalization of a blighted area, bringing residents and economic opportunity to downtown Batesville. RomWeber not only offers beautiful and affordable housing, its unique amenities include the Big Four Cafe and local retailers.”

The award was present by Lt. Governor Sue Ellspermann at the annual Indiana Housing & Community Development Authority (IHCDA) Annual Housing and Community Economic Development Conference. The conference is organized by the Indiana Housing and Community Development Authority (IHCDA) and the Indiana Association for Community Economic Development (IACED).

“RomWeber is honored to be recognized as a innovate community that serves the best interests of both its residents and the town,” said Jill Meals-Herron, Flaherty & Collins Vice President of Property & Asset Management. “We want to thank the Lt. Governor and the IHCDA for this award.”

Romweber Flats is centrally located in downtown Batesville, Indiana and is situated in a once-vacant plant that was the former home to the 140-year-old Romweber Furniture Company. RomWeber Flats provides 84 apartments for seniors in the Batesville community. With a recent expansion, RomWeber Flats is utilizing Medicaid vouchers to assist residents with living expenses, allowing them to continue their independent lives.

The full news release can be found HERE.