It’s a tentative plan, but a plan nonetheless: Lincoln Westmoreland Housing Inc. is moving forward with a 50-unit apartment complex on 7th and R Street NW, right next to the 10-story behemoth constructed right after the 1968 riots.

The new building, designed by Shalom Baranes architects, could not be more ideally located: It sits directly above the Shaw metro station (part of the land will be purchased from WMATA), and across the street from the new Shaw library. It will replace a decked-over parking lot, have retail on the ground floor, and still leave some green space for a sculpture installation.

Financing is still up in the air, which makes the actual timeline nebulous. According to a representative of the non-profit developer, some of the needed capital will come from low-income housing tax credits, which means the units would likely be priced to be affordable for people making 60 percent of the area median income. They already received some funding from the city, in the form of a Neighborhood Investment Fund grant for studies to get the project off the ground. Next stop: Advisory Neighborhood Commission 2C, and the Board of Zoning Adjustment. The Shaw development roll continues!

Full plans after the jump.

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