Last week, the
Urban Redevelopment Authority approved the sale of land along the 200 and 300 blocks of Dinwiddie Street in the Lower Hill District to
TREK Development Group
for $34,500, officially beginning the second phase of the Dinwiddie
Street Housing development. The 28-units included in the first phase of
the project are almost complete and will begin leasing in April, and the
$7.6 million second phase will include five new buildings with 23
townhouse and apartment units. Construction is scheduled to begin in
May. The Dinwiddie Street housing is an exciting development, because
Dinwiddie Street connects the the Middle Hill District to Uptown.
"Phase
II will include 12 one-bedroom apartment, six three-bedroom apartments,
and five two-bedroom apartments with an office space and a small
community space," says John Ginocchi, director of development for TREK
Development Group, who are the URA's general development partner on the
project.
Mistik Construction is the contractor for the project and the architect is
Rothschild Doyno Collaborative.
TREK Development was awarded Low Income Tax Credits from the
Pennsylvania Housing Finance Agency
for Phase II, and the units will be offered to households at or below
60% of the area median income. Rents will range between $650-700 for a
two-bedroom, and go up to $885 for a three-bedroom. The tax credit terms
stipulate that the townhouse units remain rental properties for 15
years, but after that can be sold to the tenants.
It's
not certain when Phase II will begin leasing, but the completion of
Phase I could be well-timed, since a nearby apartment building is
currently undergoing demolition and several of that building's tenants
will likely move into Dinwiddie housing.
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Writer:
John FarleySource: John Ginocchi, TREK Development Group
Photograph copyright John Farley