Construction on Mixed-Use Housing Community in D.C. Underway
WASHINGTON—CBG Building Company completed the first elevated slab on the 139-space below-grade parking garage today for Sherman Avenue Apartments, a 319-unit mixed-use community in Washington, D.C.'s vibrant Shaw neighborhood. This milestone follows CBG's completion of the slab on grade in late January. Scheduled for delivery in April 2018, the apartment community is CBG's first project with client RISE: A Real Estate Company.
"At RISE, we see every development as an opportunity to grow communities and impact residents' lives. We believe that the intentional planning, design, and construction devoted to the Sherman Avenue Apartments by our team members and partners serve this purpose," said Ryan Holmes, CEO of RISE.
Located on the site of a former refrigeration building and 24 obsolete townhouses, Sherman Avenue is within walking distance of the Shaw-Howard University Metro, Howard University, Howard Theater, and Banneker Recreation Center.
The community encourages a variety of lifestyles in its studio, one- and two-bedroom units and six two-story townhomes, offering residents luxury amenities such as an elevated courtyard with pool and grill area, vegetative green roof, a hydroponic room, and a large community area featuring a fitness studio, yoga room, clubroom, and business center. As part of the project scope, CBG will install a replica mural that honors the site's history within Sherman Avenue's new clubhouse.
"We are excited to take on the Sherman Avenue project with RISE," said Keith Anderson, president of CBG. "The community will fit seamlessly into its surroundings and create a lasting impact, which CBG looks forward to bringing to life."
Targeting LEED Gold certification, Sherman Avenue will feature several sustainable elements, including EnergyStar light fixtures in all units, low-VOC paints, adhesives, mastics and glue, low-flow plumbing features, and a bioretention system in its interior courtyard. The pedestrian-friendly community will offer bike racks and an on-site repair station for residents, and is centrally located within walking distance of a variety of transportation options as well as several popular bars and restaurants.
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About CBG Building Company
Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.
About RISE: A Real Estate Company
Since 1995, RISE: A Real Estate Company has worked to produce some of the highest quality communities the market has to offer, adhering to the principles its name represents: Reasonable, Reliable, Inspired, Impactful, Servient, Simple, Experienced, and Empowering. Specializing in on- and off-campus developments and multifamily assets and offering financing, development, and management services, RISE has contributed to the development of properties across the country with its portfolio of more than 46,000 beds, 7,600 parking spaces, 227,000 square feet of retail, and 4,000 dining seats. RISE's mission to foster and maintain relationships with its clients has positioned RISE for repeated success and satisfaction for more than 21 years. For more information, visit www.risere.com.