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Arcola Towers

About the Project

Arcola Towers is a senior living apartment complex offering affordable housing options for seniors aged 62 and older.The community features 141 one-bedroom apartments within a 13-story building, providing residents with amenitiessuch as energy-efficient stainless-steel appliances, wood-inspired flooring, and all utilities included. Additional on-siteamenities include a resident lounge with television, cyber lounge with computer workstations, on-site laundryfacilities, and controlled building access. The property is conveniently situated near downtown Silver Spring, offeringeasy access to shopping, dining, and public transportation.

Project Facts​

  • Senior Living, developer-led; design-renovation-finance
  • 139,472 SF (Renovation)
  • Land use elements: Senior Living 
  • Completed Date: March 2015

Summary

  • Owner: Housing Opportunities Commission of Montgomery County
  • General Contractor: Harkins Builders
  • LIHTC Investor: Boston Capital 
  • Development Consultant: CDC Capital 

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8115 Maple Lawn Boulevard
Suite 275
Fulton, Maryland 20759

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