A 33-unit mixed-use community with 5,950 square feet of commercial space to be developed on H Street, NE, Washington, DC.
A boutique, mixed-use community in the heart of the thriving H Street NE corridor of Washington, DC.
The Baldwin, located at the corner of 13th Street NE and H Street NE, will house 33 residential units above 5,950 square feet of retail in the heart of the thriving H Street corridor. The new four-story building is being redeveloped on land owned by the District of Columbia under a 99-year ground lease. Financed with 9% Low Income Housing Tax Credits, the residential component of the building will be affordable to households at 30% and 50% of Area Median Income. The ground-floor retail was privately financed and will offer neighborhood-serving retail. The project is a joint venture between Insight, H Street Investment Corporation and Rise Development.
Wells Fargo Affordable Housing Development Corporation provided the tax credit equity for the residential component of the building and Wells Fargo Bank provided construction debt for the whole of the project. McCullough Construction is the General Contractor for the project.
The H Street Corridor is considered one of DC’s commercial and creative hubs with a large entertainment district that retains a distinct neighborhood character. 1300 H will sit in the heart of the bustling H Street entertainment district directly across the street from the historic Atlas Performing Arts Center. Over the past decade the area has experienced a resurgence of its visual and performing arts scene, hip bars, music venues, an array of independent retailers and a boom of high-end residences.
As part of this resurgence, the DC government recently invested $65 million in improvements on H Street including new streetlights, curbs, sidewalks, landscaping and street car lines. The new street car line connects the site to Metro Rail at Union Station.