Golden Rule Apartments, Inc. (GRA), in partnership with THC and MissionFirst Development as developers for this project, has completed the redevelopment of the former Golden Rule Center site to The SeVerna: a 100% affordable 60-unit rental development in the first phase of development at First and K Streets, NW. The site is located in the Northwest One Superblock, a highly visible and significant New Communities planning area for Washington, DC. It is the first of several developments planned over the next few years.
The former Golden Rule Center site (all buildings at the site were demolished in early 2009), is located in the rapidly gentrifying area of the Mount Vernon Triangle/Northwest One. Several major market rate condos and multifamily developments have been recently completed, as development has spread from downtown and Gallery Place to this area.
The SeVerna is a five story building along First Street, connecting to two-over-two townhouses along L Street. The townhouses contain larger three and four bedroom units in an environment more suited to families, while the mid rise has studio, one, two, and three bedroom units. A community room is located on the ground floor of the building. Phase two is The SeVerna on K, a mixed income high rise along K Street of 133 units.