The Plaza West site, at the northeast corner of 4th and K Streets NW in the Mount Vernon Triangle neighborhood, was conveyed by the District, through the Office of Property Management (predecessor to the Department of General Services), to a non-profit developer – Golden Rule Plaza, Inc. (GRP), a wholly-owned affiliate of Bible Way Church – in 2005 in fee simple via a special warranty deed.
The site’s original development plan called for a two-story intergenerational center with approximately 10,000 square feet of senior day care space and 15,000 square feet of community services space. Today, GRP’s updated development program consists of 223 units of affordable rental housing, which will provide homes for two populations with special needs: 11 units will house Department of Behavioral Health (DBH) consumers with incomes of less than 30% Area Median Income (AMI), and 50 units will house “grandfamilies” – grandparents raising grandchildren where the parent is not present, serving families with incomes between 30% and 50% AMI. The balance of the housing units (162) will be available to persons with incomes of less than 60% AMI. The project will provide much-needed affordable housing in an amenity-rich area where market rate development commands some of the highest rents in DC. Unique features of the project include an extensive outdoor area of over 9,500 square feet, as well as a significant grandfamilies support services program, targeting both children and seniors.
In accordance with the deed, if the property is not developed in compliance with the original plans, the developer must submit the new development program to the Council for approval. Thus, DMPED is assisting GRP with obtaining this Council approval so that the deed can be updated and the developer can close on financing and begin construction in late 2015/early 2016.
Land Surplus and Disposition