High Street Residential and CSG Urban Partners, have partnered with Meadow Partners to redevelop the St. Matthew’s Evangelical Lutheran Church site. The Class A mixed-use project, located at 222 M Street, SW in Washington DC, will comprise 221 multifamily units along with a new 16,000-square-foot St. Matthew’s Church and community center.
The project is the latest development to break ground in the SW Waterfront submarket of Washington, DC and affords convenient access to the Waterfront-SEU Metro station and will be a few blocks from The Wharf development.
“The redevelopment of St. Matthew’s Evangelical Lutheran Church is an important project for us,” said Josh Dix, Principal with Trammell Crow Company and National Residential Practice Leader for High Street Residential. “The delivery of this project will build on the positive momentum of the Southwest submarket. We are excited about the opportunity to bring the Church and a new community center back to its original congregation in Southwest, Washington, DC.”
St. Matthew’s will be highly-amenitized, featuring a large first floor lounge overlooking a one-third-acre courtyard, a dog run, a fitness center with private rooms for yoga and spin classes, bike storage and maintenance room. The project will also include a roof-top pool, lounge and deck, with unobstructed views of the U.S. Capitol Building. The new St. Matthew’s Lutheran Church and community center will feature a coffee shop, a large fellowship hall for community meetings and gatherings, Wi-Fi and computer access for the community, a large multi-use worship space capable of hosting small theater and performance events and a gallery design to feature local artists.
The Rev. Phillip C. Huber, pastor of the congregation said, “We are extremely grateful to Trammell Crow Company and CSG Urban Partners for their commitment to us on this long development journey and allowing the congregation to reach its goals for serving our Southwest community.”
Construction is expected to begin in Q3 2016 and complete in Q3 2018.
About CSG Urban Partners
CSG Urban Partners (CSG) is a full-service District of Columbia real estate development and consulting firm founded in 2003. A local, small and disadvantaged business enterprise (“LSDBE”) and CBE, CSG develops real estate projects in strategic partnerships with large-scale real estate developers. CSG also provides project management and advisory services to government entities, non-profits, churches, corporations and individual land owners. CSG’s principals formerly worked for a local redevelopment agency and are familiar with the public sector from the inside out.
About Meadow Partners
Meadow Partners is an independent, privately owned real estate investment and asset management firm that manages a series of closed-end private equity funds and separate accounts on behalf of institutional investors. The firm was founded in 2009 by Jeffrey M. Kaplan, a 25-year veteran of institutional real estate investment and previously Managing Principal and Co-Chairman of the Investment Committee of Westbrook Partners. Mr. Kaplan and his two partners, J. Andrew McDaniel, based in London, and Timothy P. Yantz, based in New York City, have been responsible for the acquisition and ongoing asset management of $26 billion of real estate assets located in the United States, Europe and Asia through over 250 separate transactions.
Since inception, Meadow Partners has raised in excess of $1 billion of equity for its investment strategies and has acquired more than $3 billion of real estate assets in its target markets of New York City, Washington D.C., London, and Paris with a focus on value-add office, retail, hotel and residential properties.
About High Street Residential
At High Street Residential, a wholly-owned residential subsidiary of Trammell Crow Company, our expertise is mixed-use projects on premier sites in major U.S. cities, very often adjacent to transit hubs. In the last decade the company completed more than 5,100 units representing more than $1.2 billion in value. We manage the development of apartments, condominiums and townhomes and have a have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. We have a current pipeline of over 10,000 units valued at nearly $3 billion. For more information, visit www.highstreetresidential.com.