WASHINGTON, DC—The partnership of Jonathan RoseCos. and Somerset Development Co. hasfiled plans to replace the Portner Place publichousing development with a mixed-use project.

The plans call for the four-story, 48-unit Section 8 housingcomplex to be razed and replaced with a two-winged building withground floor retail, according to the Washington BusinessJournal.

Somerset, Jonathan Rose, New Community Partnersand the Rose Green Cities Fund acquired PortnerPlace, which consists of three garden-style buildings, lastSeptember for $16.15 million. The new plan calls for 366 newaffordable and market rate apartments.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.