High Street Residential, Deutsche to Develop Apartment Community in D.C.

WASHINGTON, D.C. — High Street Residential has partnered with Deutsche Asset Management to develop a 288-unit, Class A multifamily community located at 1441 U St. N.W. in Washington, D.C. Situated in the city’s U Street Corridor adjacent to the Frank D. Reeves Center of Municipal Affairs, the luxury property will feature more than 15,000 square feet of retail space. The companies plan to break ground in the third quarter, with completion slated for mid-2018. The site will also contain Portner Flats, a 96-unit affordable housing complex developed by a joint venture between Somerset Development and Jonathan Rose Cos.