NoMa to see wave of multifamily deliveries come 2017

National developers, regional firms and REITs all actively developing
  • Wood Partners NoMa project will feature a select number of micro units.
  • NoMa neighborhood can expect at least 2,000 multifamily deliveries spanning 2017 to early 2018.
  • The neighborhood has nearly 20 proposed mixed-use, multifamily and adaptive reuse projects that don't have a targeted completion date.

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D.C.'s NoMa neighborhood has seen roughly 3,000 multifamily units delivered during the past three years. Based on the neighborhood's development pipeline, another wave of rental deliveries will hit the submarket in 2017 and early 2018. With its eyes on a first quarter 2018 completion, Wood Partners will break ground on 346-unit, "ultra luxury" project this month. One of the nation's top multifamily developers, in terms of yearly unit starts, Wood Partners is currently demolishing a two-story office building to make way for the project, which is next to the Metro's red line and Union Station. Responsible for constructing the 13-story high-rise project, which will break ground this month, will be Balfour Beatty Construction, a contractor that has previously work with Wood Partners on projects in the Southeast U.S. Included in the NoMa project's unit mix will be a select number of micro units and two-level suites, according to Balfour Beatty. Groundbreakings in NoMa A de...