Dantes Partners, in strategic partnership with Eastbanc, Inc., was selected by the District of Columbia’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) to redevelop the West End Library and West End Fire Station sites as part of a bold public-private revitalization effort.
The result: a transformational, transit-oriented, mixed-use community in the heart of DC’s West End. The Square 50 redevelopment features 55 units of much-needed affordable and workforce housing thoughtfully built above Squash On Fire, DC’s premier high-end squash facility open to the public. The development also includes Upper West Side Café and a brand-new, state-of-the-art fire station, creating a true vertical mixed-use innovation. Dantes Partners played a pivotal role in structuring and securing the financing for the residential portion of the project. The financing stack included 4% Low-Income Housing Tax Credit equity, tax-exempt bonds, and gap financing — a model example of creative financing and equitable housing delivery in a high-cost submarket.
SQ50’s residential offering includes studios, one-, and two-bedroom apartment homes with spacious layouts, modern design finishes, energy-efficient features, and abundant natural light providing dignified, high-quality living in one of the most sought-after neighborhoods in Washington, DC.
1211 23rd Street NW
Fast Facts
- 61 Units
- Approximately 53,000 GSF
- $28 M Total Development Cost
- Target Completion Date of Spring 2017
- Financed with 4% Tax Credits, gap financing, and Tax-exempt Bonds
- 60% AMI and below / Market Rate