Leasing is now under way for the newly completed apartment building at 625 Rhode Island Avenue, NW. The 16-unit building, dubbed the Bailey Park DC, is probably best known for the magenta, yellow, and red panels that highlight the exterior walls. It will open to residents on August 15, 2012.
The Bailey Park includes 14 market rate units and 2 "affordable" units that have been set aside for households earning between 60% and 80% of the area median income. The 2-bedroom market-rate units range in size from 1,220 to 1,475 square feet, with monthly rents of between $2,700 and $3,500. The 3-bedroom market-rate units range in size from 1,775 to 2,260 square feet, with rents of between $4,200 and $4,500 per month.
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| [Photo credit: Suzane Reating Architecture] |
According to the building's architecture firm, "all units have multiple exposures and most have private outdoor spaces, [and] the layouts allow for cross-ventilation and optimal day-lighting." The Bailey Park DC website states that the apartments include "floor-to-ceiling windows, designer kitchens with double-wide islands, granite slab countertops in kitchens and baths, polished concrete/designer porcelain-tile floors throughout, 9-10 foot ceilings, stainless steel appliances, and skylights in select [units]." The building also includes a rooftop terrace.
According to the website, a building tour is scheduled for Thursday, August 9, 2012, at 6:00 p.m. To RSVP for the tour, or for more information, email info@baileyparkdc.com.
Glad to see it's going to have a majority of market-rate units. When I first learned of the project, it was supposed to be 50% market-rate and 50% "affordable." There's already a large concentration of affordable units nearby.
ReplyDeleteThe original Zoning Commission PUD approval, from 2010, required that eight of the units in the 625 Rhode Island Avenue proejct be affordable units. In April 2012, the developer (United House of Prayer) filed a request with the Zoning Commission to modify the PUD so that only 2 units at the project would be required to be affordable; in return, UHOP said it would set aside 12 units as affordable senior assisted living units at 1713 7th Street, NW, and set aside an additional 4 units as affordable at 1739 7th Street, NW. The Zoning Commission preliminarily approved the request in July and is expected to vote on final approval in September.
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