Parc Terrace seamlessly integrates Winooski’s progression from the Downtown District to the traditional residential neighborhoods, providing a true gateway to the city. The design incorporates an activated streetscape and architectural design that brings the scale of the building down to match the residential feel of the Gateway District.
Parc Terrace consists of 45 rental apartments, including 33 affordable units and 123 market rate units. The community was completed in September of 2021 ahead of schedule and on budget, a major feat for a construction period during the initial months of the COVID pandemic.
The buildings consist of thoughtful and spacious studios, one-bedroom, and two-bedroom apartments and offer available covered parking, shared exercise and common spaces, as well an independent lunch-only restaurant serving some of the area’s best Vietnamese and Nepalese cuisine. The building is built to a high energy efficiency rating and with modern, high-quality finishes.
The project was funded with a combination of Low-Income Housing Tax Credits, energy efficiency tax credits and incentives, and permanent debt. Summit Properties partnered with the Vermont Housing Finance Agency, Green Mountain Power, and construction partner the Dagesse Companies. Parc Terrace is operated by Summit Properties to maintain qualify of appearance and experience for all those that call the community home.
