A sizable residential project along Arthur Ashe Boulevard earned City Council’s stamp of approval this week.
Council voted on Monday to grant a special-use permit for D.C.-based Outlier Realty Capital’s proposed cohousing project at 1101 N. Arthur Ashe Blvd.
The project will feature 29 apartments with a total of 148 bedrooms. Each apartment will include shared common, kitchen and living areas with five or six private bedrooms.
Monthly rent at the coliving project would start around $800 per bedroom. The six-story building also will feature 1,500 square feet of commercial space on the ground floor.
The matter was on Council’s consent agenda and was approved unanimously.
It’s unclear when the project will break ground or what its budget is. Outlier Managing Partner Peter Stuart was not available for comment by press time. The company is under contract to purchase the 0.3-acre site.
While the cohousing is in its early stages, a nearby residential development in Scott’s Addition is putting on its finishing touches.
The Nest, a six-story, 118-unit apartment building from Tom Papa’s Fountainhead Properties at 3105 W. Marshall St., has begun moving in residents.
“We’ll be in full gear there Aug. 1. It is a surprisingly strong market, I’ll say that. I didn’t know what to expect,” Papa said. “I don’t know if it’ll stay strong, but people are looking to the day past COVID and want to be in Scott’s Addition.”
The Nest features two commercial spaces facing Marshall Street, and Papa said they’ve got a letter of intent out with a prospective tenant for one of the spaces, while the other will be used as a leasing office at first.
The project also features a ground-level parking deck and is near a Pulse station on Broad Street. Papa said he has some concerns long term about including parking decks in his projects.
“I worry that the parking decks that I’m building will become an albatross around my neck in 15 years,” Papa said. “With Uber, Lyft, and scooters — whatever it is, there’s a lot of pressure being taken off the need to own a car. All these neighborhoods are walkable; everything is going in that direction.”
Adjacent to The Nest is another apartment building, The Summit, from local development firm SNP Properties.