Development News

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… Continue Reading WC Smith Delivers THEARC Phase IV

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… Continue Reading Terrace Manor Reaches Financing Milestone

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… Continue Reading WC Smith Earns 14th LEED Certification

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… Continue Reading WC Smith Celebrates Ribbon Cutting for Terrace Manor

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,… Continue Reading Terrace Manor Puts City Over New Housing Production Goal

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… Continue Reading IHOP to Reopen in The Shops at Park Village

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… Continue Reading WC Smith Breaks Ground on Final Phase of Skyland Town Center

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… Continue Reading WC Smith Celebrates Groundbreaking for Phase IV of THEARC