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78 Apartments Proposed to Replace Part of Dupont Circle Church

by Nena Perry-Brown

Six years ago, Keener-Squire Properties delivered The Drake, a 218-unit apartment building on the First Baptist Church's property in the 1600 block of O Street NW. Now, the church is looking to add another site and more units to their partnership.

An application for historic preservation conceptual review has been filed with DC to replace the three-story annex building at 1328 16th Street NW (map) with a 78-unit apartment building. 

Roughly six of the units in the proposed Drake-II development would be affordable per Inclusionary Zoning requirements. The church would also use roughly 11,460 square feet of space on the ground floor and a below-grade floor for programming. The project would deliver 16 below-grade parking spaces for the church. Eric Colbert and Associates designed the building. 

As part of the application, the development team would also renovate the O Street façade of the first Drake apartment building, where stonework was designed to match the soon-to-be-demolished annex.

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This article originally published at https://dc.urbanturf.com/articles/blog/78-apartments-proposed-to-replace-part-of-dupont-circle-church/17426

DuPont De Nemours: Looks Like It's Time To Sell (NYSE:DD ...

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DuPont de Nemours, Inc. (NYSE:DD) Shares Could Be 27% ...

Today we will run through one way of estimating the intrinsic value of DuPont de Nemours, Inc. (NYSE:DD) by taking the expected future cash flows and discounting them to today's value. This will be done using the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward.

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

See our latest analysis for DuPont de Nemours

The calculation

We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or…