Fannie Mae headquarters’ next-door neighbor plans 720 residential units, retail

In Tenleytown, there are plans to raze a 1980s-era commercial and office building located at 4000 Wisconsin Avenue NW, directly next to the current Fannie Mae headquarters. With plans to preserve the existing underground garage, the new project will house 720 apartments and ground-level retail.

The new seven-story structure will feature three courtyards and approximately 34,000 square feet of retail, including a small-scale grocer. Approximately 17,000 square feet of space will also go towards a health club. The garage will offer 883 parking spaces and 325 bicycle spaces.

From the 720 units planned, 70 will be designated for affordable housing. According to Current Newspapers, ANC 3C members asked for larger units and more affordable units. 70 percent of the apartments will be studios and one-bedrooms.

Groundbreaking is expected to begin in 2019 with a delivery by 2024, reports Washington Business Journal.

• Developers describe grand plans for 4000 Wisconsin Ave. site [Current Newspapers]

• Fannie Mae is leaving Donohoe's Tenleytown building. Total Wine and residential could follow. [Washington Business Journal]