The 426-unit first phase of an 1,100-unit mixed-income community is close to its debut. Toll Brothers first acquired the site from the Sursum Corda Cooperative Association for $60M in 2018, and received $160M in construction financing, backed by the D.C. Housing Finance Agency and Citi Community Capital in 2020.
The 6.7-acre community’s first phase, located at 22 Banner Lane NW, includes two buildings with unit sizes ranging from studios to four-bedrooms. Banner Lane is a redevelopment of the former Sursum Corda housing project, and as such is supplying 127 replacement units for the former residents… Read More