THEARC Phase IV, the new home for the Washington School for Girls (WSG), delivered in early September – two months ahead of schedule and on budget. One of the original 14 nonprofit partners at THEARC, WSG is a tuition-free school that primarily serves girls living in DC’s Wards 7 & 8. Currently, the students are […]
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Terrace Manor, WC Smith’s more recent all-affordable multifamily property, reached a milestone at the end of July, as its construction loan converted to a permanent loan. The $41 million construction loan, obtained through Wells Fargo, was set to mature Aug. 3. To convert to the permanent loan, Terrace Manor had to have reached stabilization, satisfied
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Another WC Smith property reached a milestone in our efforts to develop sustainable buildings. Terrace Manor, a fully affordable property in DC’s Shipley Park neighborhood, became LEED® Gold certified by the US Green Building Council. This brings the total number of LEED-certified Smith projects to achieve that status to 14. Terrace Manor opened in August
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More than 100 people turned out to celebrate the Sept. 12 ribbon cutting for Terrace Manor, WC Smith’s new all-affordable multifamily residence. WC Smith acquired Terrace Manor in 2017, in cooperation with the Tenants Association. The DC Office of the Attorney General had sued its former owner, Sanford Capital, in 2016 over a long-running pattern
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Terrace Manor, WC Smith’s new all-affordable multifamily residence, is the property that enabled DC Mayor Muriel Bowser to beat her goal of producing 36,000 new housing units in the city. Terrace Manor comprises 130 units, with rents based on 30%, 50% and 60% MFI. The building features modern systems and amenity spaces, including a gym,
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An IHOP restaurant is returning to the Shops at Park Village in mid-summer 2024. IHOP first came to the Shops in 2008, becoming the first national sit-down restaurant to open in DC’s Ward 8. However, as the case with many others, that dining spot shuttered in the wake of the Covid pandemic. WC Smith, which
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On June 20 WC Smith and our development partners, joined by DC Mayor Muriel Bowser and Councilmembers Kenyan McDuffie and Anita Bonds, broke ground on the final phase of Skyland Town Center. This third phase will deliver 126 townhomes for sale, a 75-unit all-affordable property building for seniors, 10,000 square feet of retail, and a
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WC Smith, Building Bridges Across the River and the Washington School for Girls on May 1 broke ground on a 33,000 square foot expansion at THEARC, to be the new home for the independent Catholic school. Currently, WSG’s student population is split between two campuses with middle schoolers attending classes at THEARC and third through
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WC Smith and WCS Construction celebrated the July 7 topping out of Terrace Manor, a new, all-affordable 130-unit multifamily property under development in Washington, DC’s Ward 8. The new project replaces the former Terrace Manor, a troubled property that had fallen into disrepair and neglect. The existing buildings were demolished in June 2022 to make
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The Collective, WC Smith’s signature property in DC’s Capitol Riverfront neighborhood, received the 2023 Collaboration Award from the DC Building Industry Association. A project that spanned 20 years of development and construction, The Collective comprises three multifamily residential buildings with 1138 units and more than 100,000 square feet of amenity space. To build The Collective,
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