The owner of The Shops at Penn Branch (Jair Lynch Real Estate Partners) recently made public their plans to develop Phase II, an apartment building that will be built over the rear parking lot of the renovated shopping center located at along Pennsylvania and Branch Avenues.
Their current building design and plan includes:
- Four stories plus penthouse
- 175-185 single and family size rental units
- A parking lot underneath the building (73 spaces)
- Landscaped transition sections where the site borders single family homes on O Street
- 10% of the units designated as “affordable” at 60% Area Median Income (AMI) as required by zoning regulations
- 90% of the units are at market price at 80% AMI
- A possible retail space at 5000-6000 square footage on the ground floor
