The 450-unit apartment complex is now owned by The JBG Companies.
The Chevy Chase company behind Silver Spring's Veridian Apartments recently purchased another downtown Silver Spring property. Falkland Chase Apartments is now owned by The JBG Companies, according to a release from the company. Falkland Chase, at 8305 16th Street, is a 450-unit apartment complex.
According to a website that maps census data, rental prices in downtown Silver Spring vary—a lot.
Don't tell the people living west of East-West Highway, but folks to the east are paying hundreds less per month in rent. And east of Fenton Street? Prices go down even more. This is all according to the American Community Survey, a yearly product of the Census Bureau that helps local governments know key demographic information about residents. A website, www.richblockspoorblocks.com, plugged in the rental price numbers for 2007-2011 and created color-coded maps that show where people are paying the most to live. For downtown Silver Spring, the money district is a small, oddly shaped swath running to the east of 16th Street and Eastern Avenue, bounded by Newell Street to the South, East-West Highway to the east and the Metro tracks to …
About 130 units of both market rate and lower-income housing is planned in downtown Silver Spring.
Yet another mixed-use development will combine residential units and retail space in downtown Silver Spring—but this time, with a twist. Montgomery Housing Partnership, a nonprofit developer that creates affordable housing, and Donohoe Development Company are working together to build an apartment complex with units reserved for lower-income residents adjacent to the new Silver Spring library at the corner of Bonifant and Fenton Streets. The proposed property will include 9,000 square feet of retail and between 130 to 150 housing units, said Robert Goldman, president of Montgomery Housing Partnership. Goldman said he hopes that about 75 percent of the units will be made available to people earning 60 percent or less of the median area …
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3:33 pm on Friday, January 25, 2013
Sometimes, but plenty of times low income workers need cars is due to the fact they can't afford to live in job and transportation centers like DTSS. The point is to attract low income workers/retirees who don't need a car. Obviously, if you paid big $$$$$ to put 180 spaces underground then you'll attract low-income people with cars and defeat the entire purpose of locating the subsidized … more ›
The average rental unit in the third quarter of 2012 cost $2,051, according to the Washington Post.
Life is good for landlords in Silver Spring—rental rates are up from last year, according to Delta Associates, a firm that publishes apartment rental reports, the Washington Post reported. Chris Dubberly, a senior associate at the company, analyzed the neighborhood's current rental market, using boundaries that included portions of Wheaton. In the third quarter of 2012, apartment rents in large complexes (called Class A) increased to $2,051, up 3.7 percent from the end of the year 2011, the Post reports. Overall vacancies were up 4.2 percent from the end of the year 2011, but the percentage of unrented units decreased from the previous quarter. About 1,645 new units are under construction or available to lease, the Post reports. The …
Renters Alliance wants protection from no-cause evictions, landlord intimidation and crazy rent increases.
A growing number of people are choosing to rent rather than buy homes in Montgomery County. Matt Losak, executive director of the Montgomery County Renters Alliance, says more than 25 percent of the county rents—with about 70 percent of those renters living in greater Silver Spring and Wheaton. There are many reasons why. Some renters don’t want to be burdened with high taxes or home maintenance while seniors and immigrants are more often choosing rentals, according to Losak. Regardless of what motivates a person to rent, he or she wants the same security and protections as homeowners, he said. That’s where the Alliance comes in. After a Tenants Work Group suggested the county form a group to advocate for renters’ rights, Losak’s …
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Whitney Teal
11:33 am on Thursday, February 28, 2013
HI Amy, it's for all rental units within that census tract, so it would include apartments, homes, basements, etc. more ›