For Immediate Release: 7/7/2014
|Montgomery County, Washington Property Company Finalize Agreement for New Progress Place Homeless Shelter & More Affordable Housing in Ripley District of Silver Spring|
Montgomery County and the Washington Property Company have signed an agreement that will result in a new County Progress Place homeless service center, more affordable housing for working families, and transit-oriented development in the emerging Ripley District in Silver Spring.
The County is leveraging one County Parking Lot District parcel and two County-owned parcels in exchange for a new Progress Place building and a $3.25 million payment by Washington Property Company to the Silver Spring Parking Lot District.
“The County is pleased to partner with Washington Property Company to provide a needed new County facility for the homeless,” said County Executive Ike Leggett. “This project promotes the County’s smart growth initiatives by maximizing the use of public land and promoting transit-oriented development in the emerging Ripley District.”
Washington Property Company will build a new four-story Progress Place on County-owned property behind Fire Station #1 in Silver Spring. Under the terms of the agreement, WPC will build the new $13 million facility at no cost to the County. The County government and its contractors, Shepherd’s Table and Community Vision, will operate the center.
The building will contain three floors of Progress Place program and one floor of Personal Living Quarters (PLQs). The County will be paying for the design and construction of the 21 PLQs, which will be affordable housing for chronically homeless individuals.
The addition of housing to the developer-built Progress Place is an opportunity for the County to help address the critical need for supportive housing for medically vulnerable and chronically homeless population.
In exchange, WPC will obtain the deed to three contiguous land parcels totaling about 1.5 acres, where the current Progress Place facility is located. They will redevelop the site with a high-rise residential building with several hundred apartments containing 15% Moderately Priced Dwelling Units. This parcel adjoins WPC’s new Solaire-Silver Spring apartment community, located at 1150 Ripley Street, just 700 feet from the Silver Spring Metro station.
“We are very excited to be working hand-in-hand with Montgomery County to take this next step in the ongoing revitalization of the Ripley District,” said WPC’s Evan Feldman, Vice President of Development and Acquisitions. “The agreement is a win-win for all parties. The new location and state-of-the-art facility will help expand services for the county’s most vulnerable population, while facilitating the growth of the rapidly redeveloping Ripley District.”
|Release ID: 14-281
Media Contact: Patrick Lacefield 240-777-6507
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