Location: 1328-52 Euclid Street NW | Washington, DC
Target Area: MidCity
Cost: $7.3 million
Size: 35,000 SF
JAIR LYNCH Development Partners, in a partnership with Triangle Development Associates, developed two formerly vacant parcels of land in Columbia Heights into mixed-income, new construction developments of for-sale condominiums designed to capture the international lifestyle of the neighborhood. The resulting projects are Barcelona and Verona Parc, which were built on land owned by the National Capital Revitalization Corporation. In a remarkable public/private partnership, NCRC leveraged its land value as equity for 20% of the 63 units to be sold as affordable. A local architecture firm, Eric Colbert & Associates, was the architect of record on the project, which was completed
JAIR LYNCH, in addition to having its offices on U Street, has been active in this area since the company’s inception in 1998. Whether as a developer of historic community centers like Center for Community Change and the Thurgood Marshall Center; multifamily housing like Barcelona, Verona Parc or Solea condominiums; affordable housing like Capital Manor Cooperative; or neighborhood assets like KIPP DC's WILL Academy, Bread for the City and Unity Health Care in Upper Cardozo, JAIR LYNCH has long been a neighborhood leader in MidCity Washington.