FOR IMMEDIATE RELEASE
April 11, 2022 (WASHINGTON, DC) – Last week, CityInterests Development Partners and Ravinia Capital, alongside Ward 7 Councilmember Vince Gray, Timothy White of the Office of the Deputy Mayor for Planning and Economic Development, and neighborhood residents and stakeholders, commemorated the delivery of 191 units of workforce housing in Ward 7.
Vesta Parkside is a seven-story, 172,000 square-foot residential building, designed by Grimm + Parker and managed by KETTLER. The unit mix includes junior one-bedrooms, one-bedrooms, lofts, and two-bedrooms. Amenities include a fitness center, a ground-floor courtyard with grilling stations and fireplaces, a penthouse clubroom with a commercial kitchen, and a roof terrace with outdoor TV and fireplaces.
CIDP managing partner Peter Farrell giving remarks at the ribbon-cutting ceremony.
“A key principle of this development was that we wanted Parkside to provide housing opportunities across an economic continuum,” Peter J. Farrell, managing partner of Parkside master developer CityInterests Development Partners, said at the ceremony. “We wanted to enable residents to move into the community at one station in life and be able to relocate within the community as their needs change. This is proof certain of the continuum of housing today as we prepare to cut the ribbon on 191 units of workforce housing.”
The delivery of Vesta Parkside represents the latest phase of the 15.5-acre Parkside planned unit development (PUD) southwest of Kenilworth Avenue and Hayes Street NE. Upon completion, the PUD will deliver over 3 million square feet of mixed-use development to the Parkside neighborhood, built to LEED-ND standards.
Rendering of Vesta Parkside
Thus far, the PUD has furnished a Unity Healthcare clinic, the Cesar Chavez Public Charter Middle and High Schools, 96 units of affordable senior housing at Victory Square, an Educare early learning facility, 186 affordable units at The Grove, over 100 for-sale townhouses, and an award-winning one-acre community park (“Parkside Green”) with bioretention and stormwater management system. Last year, Parkside also saw completion of the Parkside Pedestrian Bridge, spanning Kenilworth Avenue Freeway to connect the neighborhood directly to the Minnesota Avenue Metro station. The Parkside development has two additional buildings under construction now, slated to deliver roughly 230 residential units and up to 14,000 square feet of retail.
(L–R) CIDP Managing Partner Peter Farrell, Ward 7 Councilmember Vincent Gray, ANC 7D Commissioner Wendell Felder, Executive Director of Equitable Development Timothy White (of the DC DMPED) at ribbon-cutting ceremony
“The mayor has a goal of making all neighborhoods ‘high-opportunity neighborhoods,’” Timothy White, DMPED Executive Director of Equitable Development, stated at the event. “We all know that Parkside is a great place to be, and it’s getting even better with over 700 more housing units on the way, retail, office space, senior housing, and that’s in addition to all the good things that are already here. That sounds like a high-opportunity neighborhood. CityInterests has done a phenomenal job of building a community within a community.”
Please feel free to reach out if you have any questions or would like to speak with CityInterests Development Partners’ managing partner Peter J. Farrell about Vesta Parkside or the Parkside development.
Credit photos to Niko Vonakis/KETTLER