Washington D.C.
Developers Break Ground on Trophy Office Building in Downtown D.C.
The JBG Companies has partnered with ICG Properties and Rittenhouse Partners to develop a new trophy property, meant to enhance Washington’s lower 16th street corridor. On April 22, representatives from the three companies were joined by city officials for the groundbreaking of 900 Sixteenth Street, a new Class A building located just two blocks from the White House.
Capitol Real Estate Development Secures $5M Loan for Housing Development in Congress Heights
After years of bad luck, a residential project looking to bring condominiums and townhouses to Washington, D.C.’s Congress Heights area is finally getting ready to take off. LYNK Capital, LLC has recently closed a $5 million loan for Woodcrest Holdings, LLC, a subsidiary of Capitol Real Estate Development, LLC, the project’s developer. The loan will be used to finance the construction of Phase 1.
Simon to Renovate, Expand Iconic Fashion Centre at Pentagon City
The Fashion Centre at Pentagon City, the largest enclosed shopping mall in Arlington, is getting a makeover. Simon Property Group, Inc., the property’s owner, announced on April 16 its plans to renovate and expand the upscale shopping mall.
Greysteel Tapped to Sell Woodbridge’s Meridian Bay Apartments
The Meridian Bay Apartments, a 23-building garden-style community located in the Northern Virginia suburb of Woodbridge, is looking for new owners. Coastal Properties of Virginia, the current owner, has selected the Greysteel Company’s Mid-Atlantic multifamily investment sales team to sell the property. At the moment, no sale price was announced.
Insight Property Group to Start Work This Fall on $185M Urban Mixed-use Project
Insight Property Group announced last week the acquisition of the H Street Self-Storage Property at 624 H Street NE, in Washington, D.C. The Arlington, Virginia-based multifamily developer plans to turn the site into the home of its new urban, mixed-use luxury project, called The Apollo on H Street. Groundbreaking is scheduled for this fall.
Community Three Development to Open New Condo Building Shaw Neighborhood This May
Last Week, on April 11, Community Three Development, a local real estate company, has topped out its latest project. It’s called the Centrie and it’s the first new new condo development of its size in D.C.’s Shaw neighborhood in over a decade.
First Potomac Realty Trust Buys Iconic Art-Deco Office Building
A twelve-story office building in the heart of downtown Washington, D.C. now has a new owner. First Potomac Realty Trust bought the Tower Building from Guardian Realty Investors LLC for $58 million. The Bethesda-based real estate investment trust announced the acquisition on April 8.
CyrusOne Breaks Ground on Its First East Coast Data Center
CyrusOne, a global data center services provider based in Carrollton, Texas, broke ground on Tuesday, April 8, on its first East Coast data center. About 75 people attended the groundbreaking ceremony. Among them, representatives from Loudoun County, Dominion Virginia Power, and CyrusOne.
$2.8M Renovation of Fairfax’s WillowWood Plaza Nears Completion
The four-year renovation of the WillowWood Plaza is nearing its end. Liberty Property Trust will finish the $2.8 million project this spring and will deliver an updated Class A office park, with Energy Star certification.
Lincoln Property, NVRetail Celebrate Groundbreaking of The Reserve at Tinner Hill
Government officials met with representatives from the Lincoln Property Company and NVRetail on Tuesday, April 8, to celebrate the groundbreaking of The Reserve at Tinner Hill. This upscale apartment and retail development is located at the intersection of South Maple Avenue and Washington Street, right in the heart of Falls Church, one of the most affluent regions in the Washington, D.C. Metropolitan Area.