Transformational Development In The Nation’s Capital
““The grand opening of Trellis House was a fine display of what can happen when community members, institutions of higher learning and corporations come together to transform communities in a way that benefits everyone” ”
The Property
319 unit mixed-use apartment community property with 10,500 square feet of ground floor neighborhood serving retail. Trellis House is Washington D.C.’s first LEED for Homes Multifamily Midrise v2010 project to receive Platinum level certification. Designed to LEED Platinum standards, the sustainable community Property includes a roof top hydroponic garden, spa quality fitness center and an innovative co-working center.
The Location
The North Shaw neighborhood of NW Washington DC. Three blocks North of the U Street Metro stop. 1 Block from a future 40,000 sq/ft Whole Foods (Under Construction).
Value Creation
Gateway assembled land from 8 land owners, structured a long term ground lease with a leading university, partnered with a local land owner and a national developer, up-zoned the property and acquired land from the municipality through the closing of a public alley.
Community Impact
Includes Affordable housing units for families earning 60-80% AMI, Faculty and Staff housing for Howard University Employees, 300+ jobs, and 50 job training scholarships in Ward 1. Trellis House is projected to produce at least $35 million of income & property tax revenues to the city over the next decade.
Explore Our Upcoming Projects
- Transforming Properties, Enriching Communities-
ORANGE MEMORIAL
mETRO nEW yORK
The Property
A complete reimagining of the Orange Memorial Hospital district. Planned for 1,000 units and 70,000 square feet of commercial space
The Location
Transit Oriented Development 25 minutes to Penn Station, 15 minute to Newark Liberty Airport, 4 blocks from New Jersey Transit rail station
Value Cration
Distressed debt and delinquent taxes precipitated opportunistic purchase of the property
Community Impact
Up to 200 affordable housing units
LARGO STATION
Metro wASHINGTON dc
The Property
269 units, 10,000 sf of amenity and coworking space, resort style pool, indoor / outdoor rooftop lounge and game day experience
The Location
Immediately adjacent to the Largo METRO Rail station, 5 miles to the Washington DC CBD, 25 minutes to Reagan and BWI airports, 35 minutes to Annapolis and Baltimore
Value Creation
Purchased property during pandemic. Own unlevered providing ability to strategically time final capitalization
Community Impact
96% of units at or below 80% AMI