Project Details:
Location: 1328-52 Euclid Street NW
Type: Residential
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 in 2006.
What's nearby?
JAIR LYNCH, whose offices are on U Street, has been active in this area since the company's inception in 1998. Whether as a re-developer of historic places like the Thurgood Marshall Center and the Center for Community Change, or as a provider of multifamily housing like Barcelona and Verona Parc condominiums, JAIR LYNCH has long been committed to MidCity Washington. In 2005, the Washington Post called Capital Manor Cooperative the purchase of a lifetime, solidifying JAIR LYNCH as a neighborhood leader. Currently under construction on 14th & Florida is Solea, Washington's first professional live/work community.
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