New Legacy Partners is a real estate development firm formed to respond to changing development patterns and changing demographics. We focus on sustainability and Smart Growth -- urban infill, renovation, and adaptive re-use projects -- in response to what we believe will be increased demand for close-in, more urban, sites.
Recent New Legacy projects have been located in historic neighborhoods of Washington, DC – the Takoma Historic District, the Capitol Hill Historic District, and the U Street Historic District. Cedar Crossing is a 65,000 square foot, 50 unit residential mixed-use condominium building at the Takoma Metro station. The project, built on vacant lots, repaired the urban fabric at this critical location, and replicated a structure that once stood on the site. At Stanton Park on Capitol Hill, New Legacy demolished an undistinguished 1940’s church, restored the historic rowhouse lot pattern, and constructed a 17,000 square foot project featuring three grand townhomes. At 14th and T Streets, in the heart of the emerging U Street neighborhood, New Legacy renovated and expanded a dilapidated but historic post office, which was reborn as a 7,000 square foot retail and office structure.
New Legacy projects, like all urban infill developments, are complex, requiring the coordination of community groups, city planners, historic preservation advocates, and the demands of the marketplace. They require a deep understanding of the city, vision, patience, and a commitment to quality. New Legacy has the full confidence of the financial community, demonstrated by debt and equity financing from individual investors, CIG/Capstone, Riggs Bank/PNC, SunTrust Bank, Columbia Bank, Tri-County Community Bank, The Bank of Georgetown, and City First Bank of DC.