ADDISON SQUARE
Washington, DC
1 Acre
256 Apartments
15,000SF Retail
Addison Square is an exciting example of the redevelopment potential that exists to transform deteriorating apartment communities into unique high-rise mixed-income residential communities. Addison Square is located in Washington, DC, one block north of the new Convention Center and situated in a rapidly progressing neighborhood that has a unique mix of retail, office, public space, and residential lifestyles.
Metropolitan Development worked carefully to create a development plan that included a large percentage of affordable units. Of the 256 apartments units on this 1 acre site, 54 will be provided for low income residents. 15,000 square feet of street front retail has also been incorporated into this urban fill project. Addison Square will contain numerous community features such as a state-of-the-art fitness facilities, underground parking, clubroom, and cyber cafe. Addison Square is another project that further illustrates Metropolitan Development's development goals of creating successful development in high-barrier to entry markets.
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MADISON RIDGE
Harrisonburg VA
60 acres
140 Multi- Family Units
326 Town Homes
Located just a couple of minutes from the beautiful campus of James Madison University, Madison Ridge is coming into the student housing market where there is a great need for quality new development. James Madison Universities student housing is currently over subscribed. On campus and off campus occupancy rates have reached and at times exceeded their capacity. This new and exciting project will be providing a total of 466 dwelling units with 140 being mulit-family units and 326 townhomes for lease helping to relieve some of the dilemma that the university has with placing its students in high end access controlled housing.
With Madison Ridge, Metropolitan Development makes its debut into the student housing market. When all Phases of Madison Ridge are completed, Madison Ridge will contain numerous community features that cater to our students such as a swimming pool, state-of-the-art fitness facilities, clubroom, and cyber cafe. The clubhouse will house a club room with a kitchen facility attached to a gaming area, two large sitting and T.V areas where the students can watch their favorite movie, show or cheer on their Dukes in the sport of the season. The clubhouse will be fully equipped with a business center that will include computers, printers and copy machines. Madison Ridge will have a state of the art fitness center that will be able to cater to any athlete of the school, as well as a resort style swimming pool and a barbeque area for the students.