New Market Investors LLC
Mixed Housing
Highland Additions
Development of a Public Housing Site, a 140 town-home community on the site
of a former public housing complex. The local housing authority selected this
firm to lead the redevelopment of 140 on-site units, with 30 long term rental
units on site and an obligation to develop a minimum of an additional 50 long
term rental units off-site. The long term rental units will employ housing tax
credits to generate equity for the development. The 10 acre site is located in
a highly distressed neighborhood in Washington, DC. This project is expected
to start construction in Fall of 2007.
Trinidad Condominiums
NMI acquired a controlling interest in this 1940’s residential building
in 2007 and is converting the project into ten two-story residential for sale
condo units. The building
is located near Galludet University in Washington, DC.