Wednesday, May 15, 2019

Apartment in Building 5 - Construction starts in June 2019

I have been blogging about the first apartment that is coming for Riverdale Park station for over 2 years now, here is one of my earlier (and the most detailed post) about it from 2017.

http://riverdaleparkstation.blogspot.com/2017/10/the-apartments-of-riverdale-park-station.html

Sometime in late 2017 the developer decided to split construction of the apartment building and the parking garage.   I am unsure why this decision was made.

So the parking garage was built from December 2017 till it was opened to the public back in November of 2018.  For the past 7 months there has been a giant cinder block parking garage that was supposed to be surrounded by a brick apartment building that did not yet exist.

The Washington Business Journal reported today (5/15/19) that the developer finally has the financing in place for the project.

The apartment reportedly will have the exact same specs laid out in my 2017 post with 229 residential units 8,000 square feet of amenity space, 10,000 square feet of retail space. 

Slated completion date is the second quarter of 2020. (the original estimate was 2 years so I think early 2021 for leasing is a better bet) 

Sometime in 2018 they were considering doing away with that retail space and going all residential but it's good for the community that they are sticking the the original plan.

I am glad that they were able to get the financing and that construction will finally be moving forward for this apartment.  I saw some planners on site yesterday mapping things out and was told construction would start in June. 

I believe this along with the Denizens opening next week could help reinvigorate Riverdale Park Station as a whole.

No comments:

Post a Comment