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 way for the construction.
WC Smith acquired the troubled property in 2017, in cooperation with the Terrace Manor Organized for Change Tenants Association. DC’s Office of the Attorney General (OAG) had sued its former owner, Sanford Capital, in 2016 over a long-running pattern of neglect, dangerous living conditions, and extensive housing code violations. When the building was put up for sale, OAG worked closely with the tenants’ representatives to find a buyer that would preserve affordable housing at the site. The tenants eventually approached WC Smith about a potential purchase of the 61-unit complex.
Rents at the new Terrace Manor will be based on 30%, 50% and 60% AMI. The building will feature modern systems and amenity spaces, including a gym, business center, community room and a 24-hour front desk. Terrace Manor will have solar panels and designed to be LEED Gold.
