Portfolio Category: New Construction

Project Description

Located at 1750 Old Meadow Road in McLean, Virginia, SCG will remove an abandoned six-story office building and create a mix of studio, one-bedroom, two-bedroom and three-bedroom affordable apartments. Somos at McLean Metro is a transit-oriented community conveniently located within a 10-minute walk to the McLean Metrorail station and less than 10 minutes from Tysons Corner’s new pedestrian bridge.

Project Description

The Property is being co-developed by SCG Development Partners, LLC (“SCGDP”) and Wellington Development, LLC (“WD”).The new construction is comprised of 111 apartment units (one and two bedrooms) in Gaithersburg, Maryland in Montgomery County. All units will be restricted to households, aged 62 and over, earning no more than 30%, 50%, 60%, and 70% of area median income (“AMI”). Construction completion is scheduled for late 2023.

For rental information: https://senecacreekseniors.com/

Project Description

Foundry Square (also known as South Street Family and South Street Senior), located in Frederick, Maryland is a project combining new construction with a rehab of an existing structure.

This 152-home intergenerational apartment community located off W South Street in the City of Frederick consists of two components: South Street Senior, a 96-unit New Construction Senior Development and South Street Family, a 56-unit family development involving new construction, preservation of existing rental housing, and adaptive reuse.  

This project is now in lease-up!  https://livefoundrysquare.com/

Project Description

The new construction project will feature 78 units for Senior (55+) tenancy and is being developed in partnership with SCG Development and Graycliff Affordable Housing. The development will be composed of 40 one-bedroom apartments and 38 two-bedroom apartments designated for tenants at 30%, 50%, 60%, and 70% of area median income with an anticipated delivery during the summer of 2024.

Project Description

The redevelopment of One University Family (The Robinson) and One University Senior (The Belmont), located in charming Fairfax, VA across from George Mason University, will be comprised of 120 new construction multifamily units and 120 senior (62+) independent living units that will serve families and individuals earning up to 60% of the area median income (AMI). The development is situated on 10.8 acres and will consist of a mixed-use area to include 333 units of Student housing developed by our partners, RISE, a Fitness Center, Leasing Office, and a Community Room. Additional amenities will include a private courtyard that will have picnic and recreation areas with grills, a dog wash area, and approximately 45 bicycle parking spaces. This project also marks a historical milestone in becoming the first Rental Assistance Demonstration (RAD) converted property to obtain HUD approval for demolition and redevelopment. One University’s proximity to George Mason University will provide residents with convenient access to world-class academic opportunities, cultural events, healthcare, recreational opportunities, public transportation, as well as retail services and amenities important to families and seniors. This is a 9/4 twinned tax credit transaction and was completed in Spring of 2024

Project Description

The Residences at the Government Center is an EarthCraft Home certified gold apartment homes project on 9 acres in beautiful Fairfax, Virginia. The green living design is coupled with an extensive array of amenities including a cyber lounge, 24-hour emergency maintenance, fitness center, landscaped courtyards, playground and pool. The property is located across from the Fairfax Corner mixed-use development and has easy access to other shopping and dining hubs. Construction was completed in 2017.

In 2017, the property received the Outstanding Project Innovation Award by the National Council for Public-Private Partnerships (NCPPP) for its advancement in financing efficient, affordable housing utilizing 9 percent and 4 percent Low-Income Tax Credits.

Project Description

Silver Creek Senior Living consists of 94 one- and two-bedroom, affordable yet market-rate quality units for seniors age sixty-two and over. The property is centrally located at 3906 Knowles Avenue in Kensington, Maryland with easy access to nearby amenities and mass transportation. All units are income-restricted with rents that are affordable to tenants earning from 30% to 80% of the Area Median Income. On-site amenities include activity center, wellness suite, free WiFi, a dedicated parcel station for packages, and a resident shuttle bus. Construction completed in 2021 and leased in 2022.

Project Description

Three Tree Flats, formerly known as Georgia Commons, are newly constructed affordable family apartment homes located in our nation’s capital. Just steps from the Metro station, the property offers a beautiful city view of Washington, DC. The studio, one, two, and three bedroom apartments are furnished with stainless steel appliances, track lighting, ceramic tile baths, brushed nickel finishes and a washer and dryer unit. Amenities include a green rooftop deck, community clubroom and fitness facility to provide residents with an urban retreat.

Project Description

Ovation at Arrowbrook is a transit-oriented, mixed-use development which is comprised of 274 affordable apartments in the Washington, D.C suburb of Northern Virginia’s Fairfax County. The project has included a significant financial investment from the county in the form of local Housing Blueprint funding, project-based vouchers and revenue bonds. The 274 apartments serve as committed affordable housing for households earning between 30 and 60 percent of the area median income. The apartments include 55 three-bedroom units as well as 15 handicap accessible units. The development also includes green building, universal and sustainable design features and Earthcraft design features. The development is located less than a mile away from the Innovation Metro Station. Construction was  completed in Spring of 2023.  https://www.aptsovation.com/

Project Description

Steps from the Shady Grove Metro stop, the enviable location makes commuting into Washington, DC easy. Momentum at Shady Grove Apartments appealing features offer natural light and a modern feel. The versatile living spaces come in studio, one, two, and three-bedroom apartment units with a two story partially underground parking garage. Community amenities include a fitness center, an outdoor courtyard, on-site storage, a community room, and bike parking. Each unit has central heat and A/C and in-unit washers and dryers. These apartments are a commuter’s paradise with a family friendly ambiance. Construction completed in 2020.