WC Smith Welcomes Whole Foods to The Collective

Washington, DC September 20, 2018 – WC Smith is pleased to announce the opening of its newest tenant, Whole Foods South Capitol Hill, located at 101 H Street SE in the ground level of Agora at The Collective. The store’s grand opening is set for October 18th with opening day festivities beginning at 9 AM.

“We are thrilled to welcome Whole Foods to the neighborhood,” Chris Smith, CEO of WC Smith said.

“Expanding both dining and shopping options for the neighborhood, our residents at The Collective, and our corporate employees is paramount to our mission to develop thriving communities.”

The highly anticipated opening of Whole Foods compliments other recent efforts to activate the north side of the Capitol Riverfront.

WC Smith recently opened Bark and Go Dog Park, located across the street from the Whole Foods at 100 H Street SE. In collaboration with CSX and The Capitol Riverfront BID, the group invested $1 million to create a 3,000 square foot fenced-in play area for both large and small dogs as well as an Anthony Howe kinetic art installation.

In addition to grocery items and grab-and-go prepared foods, the 39,000 square-foot sip and shop store will feature a yet-to-be-unveiled dining venue with mouthwatering selections from a DC local chef, a sushi bar by DC-based Kaz Sushi Bistro, and outdoor café seating on the corner of New Jersey and the newly opened section of H Street SE.

WC Smith would like to invite the community to a special event at Whole Foods on Tuesday, Oct. 24, when 5 percent of the store’s net sales will benefit Building Bridges Across the River’s (BBAR). BBAR’s mission is to improve the quality of life for families living east of the Anacostia River by providing leadership, management & fiscal oversight of the 11th Street Bridge Park (Bridge Park), Town Hall Education Arts Recreation Campus (THEARC), THEARC Farm, THEARC Theater & Skyland Workforce Center.

For more information visit https://thecollectivedc.com/whole-foods-south-capitol-hill-capitol-riverfront/

Terry Beauford Named WC Smith CFO

WC Smith has named Terry Beauford Chief Financial Officer, recognizing the crucial role she has been playing at the company for many years, overseeing the accounting functions for the company, subsidiaries and affiliates, as well as the IT and Risk Management departments. Ms. Beauford started with WC Smith in 1986 at the Tremont Suite Hotels in Baltimore, where she served as the controller for 10 years.  In 1996, she moved to the WC Smith corporate office as the Controller and with increased responsibilities overseeing the management of the hotels in Baltimore.  In 1998, she took on additional responsibilities and hired Controllers to work with her to manage the Corporate, Property Management and Subsidiary accounting and finance processes.

“Terry is key part of the leadership team at WC Smith,” said WC Smith Chairman and CEO Chris Smith. “We are very happy to promote her to CFO in recognition of her work.”

Celebrating 50 Years of Transforming Neighborhoods

We are excited to kick off the celebration of 50 years of WC Smith.

Founded in July 1968, with just three offices and two employees, WC Smith has grown to over six hundred employees at multiple locations. We are proud of the progress that the company has made.

A lot has changed in 50 years, from our modes of transportation to the methods we use to communicate.  What hasn’t changed is our commitment to DC, the residents who call our properties home, and the family of WC Smith employees we work alongside every day.

 

WC Smith could never have become the company that it is today without the commitment and hard work of so many people. We want to take this opportunity to say thank you to the staff, both current and previous employees, for their contributions.

And we also want to say thank you to the residents of WC Smith properties, who make our communities great places to live.

And finally, we want to thank the many people who have supported WC Smith along the way – vendors, investors, partners — who have shared our vision, and of course our families and friends who have helped our work and the company.

In 2018 and beyond, we are looking forward to improving our services and providing new high-quality places for people to live and work.  We have just upgraded our property management systems, and we expect to have better data about our buildings that we can use to improve our services to residents. We have several new developments underway, including Avec on H Street and the Skyland Town Center, which will contribute to the surrounding communities.

With all the changes that are coming our way, our core values and founding principles remain unchanged: providing high-quality apartments, treating people with respect, and focusing on the District of Columbia. We look forward to building on the strength of the company and continuing to create and maintain outstanding communities.

 

 

 

 

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Archer Park Opening Brings 190 Affordable Units to Mississippi Ave SE

On Wednesday, November 15, 2017, Mayor Bowser and WC Smith will celebrate the opening of Archer Park, a new apartment community on Mississippi Ave in southeast DC, with 190 affordable units, a fitness center, club room and underground parking. Ten of the units have been designated permanent supportive housing for families moving out of homelessness. Community of Hope will provide case management and support services for those families. Archer Park is a model of green development, with a rooftop solar array, a green roof, and 80 bicycle parking spaces.

WC Smith has long been active in the area around Archer Park. In 2007 and 2011, WC Smith led 800 volunteers to clean up and revitalize Oxon Run Park, rehabilitating the amphitheater and constructing a new baseball field. In 2005, WC Smith led the creation of THEARC, the Town Hall Education, Arts and Recreation Campus at 1900 Mississippi Ave SE, where nine nonprofit partners provide art and dance classes, medical care, afterschool programs, performances, healthy food and recreational opportunities to the broader community. Most activities are low or no cost. This winter, the third building at THEARC will open, bringing the total number of partners to 14.

Archer Park is built on the site of the former Trenton Terrace, a dilapidated apartment community that was torn down in 2006. Also on the site Ryan Homes is building 74 for-sale townhomes.

The DC Department of Housing and Community Development provided $11.3 million in subordinate financing from the Housing Production Trust Fund. The DC Housing Financing Agency provided 4% low-income housing tax credits and tax-exempt bond financing in the amount of $28.285 million. SunTrust Bank is the lender and Wells Fargo Bank is the tax credit investor partner.

As with all WC Smith projects, the design stressed environmental sustainability. WC Smith collaborated with long-time partner the DC Sustainable Energy Utility (DCSEU), a local nonprofit, which provided technical and financial assistance to optimize energy efficiency and reduce emissions. In addition to the solar array and green roof, Archer Park includes a naturalized landscape, Energy Star appliances and fixtures, LED lighting, and an efficient HVAC system. The combined natural gas and electricity savings will result in more than $120,000 in annual cost savings and prevent the emissions of 650 metric tons of carbon per year. Throughout the past years, joint projects between the DCSEU and WC Smith have resulted in $10 million in lifetime energy cost savings and prevented the emission of 56,000 metric tons of CO2 – that’s the equivalent of 61 million pounds of coal burned.

CVS Pharmacy Commits to Skyland Town Center

EB-5 loan also closes, marks progress for a Ward 7 retail destination

Washington, D.C. (February 22, 2017) – Today, the development team for Skyland Town Center in Ward 7 announced the closing of $58.5 million in foreign investment and the signing of a lease by CVS Pharmacy to remains at the development.

Skyland Town Center, the first town center development in Southeast DC, is an 18-acre mixed-use development that will deliver 275,000 square-feet of retail and more than 400 residential units at completion. CVS Pharmacy is a long-time tenant from the original Skyland Shopping Center and has remained open at a temporary trailer location since construction started in 2015.

“We are pleased that CVS will be staying at Skyland and the development continues to move forward,” said Rappaport CEO Gary D. Rappaport. “There is also significant retailer interest in the next phase of the project and the development team is looking forward to providing significant new retail in Ward 7.”

Mayor Muriel Bowser announced the significant investment in EB-5 funds for Skyland Town Center during a trade visit to China in November 2015. The EB-5 Immigrant Investor Program was created by Congress and encourages the infusion of foreign capital, exchanging U.S. legal residency for the creation of American jobs. The Skyland development team and the District of Columbia Office of Deputy Mayor for Planning and Economic Development also recently renegotiated $18.75 million of tax increment financing (TIF) to allow the construction of Block 2, the first delivered section of Skyland Town Center, to move forward. At completion, it will create 84,000 square-feet of retail, 263 residential units, hundreds of new jobs in the District.

“The District is committed to advancing development at Skyland Town Center to provide much needed retail, housing and jobs to Ward 7,” said Brian T. Kenner, the District’s Deputy Mayor for Planning and Economic Development. “Today’s announcement is yet another milestone in Mayor Bowser’s commitment to deliver Skyland to a community that deserves it – no matter the challenge.”

The development team began off-site construction and land development for Skyland Town Center in 2015, then retooled phasing plans for Block 1, the space originally intended for an anchor retail tenant. The Skyland Development Team prioritized the delivery of Block 2 to establish a strong community and retail destination that attracts future residents and tenants. On-site construction recommenced November 2016 and the project is moving forward at the intersection of Alabama Avenue, Naylor Road and Good Hope Road in Southeast Washington, D.C.

The Skyland Development Team includes WC Smith, Rappaport, Skyland DC LLC, and Washington East Foundation. Skyland Town Center is a partnership between the development team and District of Columbia Government, with strong community involvement in the planning and design.

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About the USCIS EB-5 Visa Program
In 1990, Congress created the EB-5 Immigrant Investor Program to stimulate the U.S. economy through job creation and capital investment in U.S. businesses by foreign investors. In exchange for investing in a business that creates jobs for American workers, foreign nationals and their families can become permanent residents of the United States. The Program’s name, “EB-5,” comes from the visa category for which immigrant investors apply – the Employment-Based Fifth Preference Visa. The Program is administered by the United States Citizenship and Immigration Services (USCIS), an agency of the Department of Homeland Security.

About EB5 Partners
An affiliate of the DC Regional Center, EB5 Partners is a leader in the EB-5 immigrant investor industry, raising more than $375 million of foreign capital for investment in job-creating real estate projects in the Washington, D.C. region.

About WC Smith
WC Smith is a DC-based company that has been providing real estate development and property management services since 1968. WC Smith recently opened Park Chelsea in the Capitol Riverfront neighborhood and 2M Street in NoMa.
About Rappaport
Rappaport has provided the Washington, DC area with professional real estate services centered exclusively on the retail segment for over 30 years. Founded in 1984 by Gary D. Rappaport, Rappaport owns and develops shopping centers and provides retail leasing, tenant representation, property management, receivership, bankruptcy trustee management, construction management and development services for space in shopping center and mixed-use properties throughout Washington, D.C., Maryland and Virginia.

Sheridan Station is Finalist for ULI Global Awards for Excellence

SheridanStation_DC_12

Sheridan Station has been chose by the Urban Land Institute as one of the 26 best projects in the world. The prestigious Global Awards for Excellence finalists are chosen by an international jury made up of developers, planners, architects, lenders, and other real estate professionals. A full list of the finalists is available here.

Sheridan Station is a 327-unit transit-oriented, mixed-income community near the Anacostia Metro Station in southeast DC. The $100 million investment, consisting of 247 rental and 80 homeownership units, is having a transformational effect on the area, demonstrating that affordable housing can be high quality and environmentally-friendly. A model of green design, Sheridan boasts a 104 kilowatt solar array, an advanced storm-water collection system, and is the first multifamily building in DC to be awarded LEED Platinum. The development partners overcame numerous challenges to complete the project, including topography that required a 70 foot tall retaining wall, the economic hardship of the recession, and complicated partnerships and financing structures.

Sheridan Station Wins ULI Washington Trends Award

On April 27, ULI Washington presented Sheridan Station with a Juror’s Choice Trends Award, to “recognize the project team’s passion and commitment to bringing high quality and environmentally sustainable affordable housing to our region.” The award was presented at the annual ULI Trends Conference at the Ronald Reagan Building.

Brunswick House Tops Consumer Satisfaction List

WC Smith-managed Brunswick House at 1414 17th Street NW ranked 18 on the ORA power rankings – a national measure of resident consumer satisfaction – putting it in the top 1% of apartment buildings. Compiled by J Turner Research, the rankings measure the online reputation of residential properties.

Located in the Dupont Circle neighborhood, Brunswick House offers one bedroom and studio apartments close to Metrorail, shopping and downtown.

WC Smith Celebrates Start of Archer Park Construction

Archer Mississippi Ave Rendering 1

Archer Park will have 190 affordable units, as well as a fitness center, community rooms and 80 bicycle parking spaces

Washington DC (November 6, 2015) – Today MayorBowser and Ward 8 Councilmember LaRuby May will join WC Smith to celebrate the start of construction of 190 new affordable units at Archer Park. Located at 1200 Mississippi Ave SE, Archer Park will feature a fitness center, community rooms, business center, and 80 bicycle parking spaces. An environmentally sustainable building, it will have rooftop solar panels, a green roof on the parking garage, Energy Star appliances and naturalized landscaping. Residents will be able to take advantage of many nearby amenities: the Congress Heights Metro Station is three blocks away, Oxon Run Park is across the street, and the arts, recreation, health and education services at THEARC (www.thearcdc.org) are a short walk, as is the newly renovated Ballou High School.  Archer Park is also walking distance to St Elizabeths and the jobs that will be located there.

“Archer Park will provide affordable housing that is much needed in the city,” said Chris Smith, Chairman and CEO of WC Smith. “We look forward to bringing this project to the community and to furthering the work that WC Smith has done in the area.”

WC Smith (www.wcsmith.com) is a DC-based company that has been providing real estate development and property management services since 1968. WC Smith has completed several projects in the area around Archer Park. The company renovated 84 units at Park Vista across the street and partnered with Community of Hope to renovate 19 units as permanent supportive housing at 1320 Mississippi Ave (a former MPD substation.) In partnership with Fannie Mae and with the help of over 1,000 volunteers, WC led an extensive clean up and rehabilitation of 25 acres in Oxon Run Park.  WC Smith was also the leader in the creation of THEARC (Town Hall, Education, Arts and Recreation Campus) the 110,000 square foot arts, recreation and cultural campus at 19th and Mississippi Ave SE.  At THEARC, twelve nonprofit partners provide a range of services.

WC Smith Celebrates Completion of Sheridan Station

Sheridan Ribbon Cutting Bowser speaking to crowd
Mayor Bowser speaks at the Sheridan Station Ribbon Cutting

On Monday, September 28, Mayor Bowser and Ward 8 Councilmember LaRuby May joined WC Smith and their development partners to celebrate the completion of Sheridan Station (#sheridanstation), a 327-unit mixed-income HOPE VI project near the Anacostia Metro Station.

The ribbon cutting marks the completion of 247 rental and 80 homeownership units. The development includes a medical clinic, community rooms, solar panels, Energy Star appliances, on-site parking and a new playground. Built to high standards of sustainability, Sheridan Station includes the first multifamily building in DC to be awarded LEED platinum designation.

“Sheridan Station is a $100 million investment in high-quality transit-accessible housing for residents at a range of incomes,” said Chris Smith, Chairman and CEO of WC Smith. “We think that Sheridan Station will be an asset to the neighborhood, as well as a model for affordable and environmentally-friendly multifamily housing.”

“This new transit-oriented, sustainable community is another example of what we at DCHA strive for – affordable, safe and healthy neighborhoods for our families of all economic levels in the District,” said DCHA Executive Director Adrianne Todman.