Update on Hine Project – North Building Residential and Retail
by Larry Janezich
According Eastbanc’s Hine Project Manager, contractors are pushing to finish the North Building by the end of the year to receive a residential certificate of occupancy from the city. The target date for residents to start moving into the affordable housing units is January 16. So far, 21 applicants have been approved, and the application of six more are pending. There are a total of 34 affordable units. Dantes Partners will be managing the residences. According to Ken Golding of Stanton Development, “it’s hard to qualify” for the project’s affordable housing, requiring the submission of two year’s tax returns and an employer’s certification. So far, some 60% of applicants are single. The largest family of applicants is three. (For more on the affordable housing component, see here: http://bit.ly/2eYMzMe)
Stanton Development will manage the 14 above-and-below-grade retail spaces in the North Building. Golding says there are a “lot of leases out for signature, and letters of intent,” but “there is nothing we can announce.” Eastbanc says the earliest that retail can move in will be in May.
According to the Zoning Order, 20 percent of the total retail square footage must meet two criteria: Outlets must be local, i.e., DC based with no more than six outlets. 1,000 square feet of retail has been reserved for two incubator businesses (750 and 250 square feet) and will be 75% subsidized.