{"id":1004119510,"date":"2015-05-15T07:33:30","date_gmt":"2015-05-15T15:33:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004119510"},"modified":"2025-02-24T23:56:12","modified_gmt":"2025-02-25T07:56:12","slug":"grosvenors-capital-project-gets-boost-from-capital-one","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/","title":{"rendered":"Grosvenor’s Capital Project Gets Boost from Capital One"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

F1RST, a 450,000-square-foot mixed-use development in Washington, D.C., is getting a major boost from Capital One Bank. The financial services giant\u2019s Commercial Real Estate Group recently closed a $90 million construction loan to Grosvenor Americas, the developer of the residential, hotel and retail project.<\/p>\n

\"F1RST,<\/a>

F1RST, Grosvenor Americas’ 450,000-square-foot project in Washington, D.C.<\/p><\/div>\n

Grosvenor is partnering with McCaffery Interests on F1RST, and has brought Clark Construction on board to serve as general contractor for the development, which broke ground in April<\/span>. From Capital One\u2019s perspective, the team has hit it out of the park.<\/p>\n

\u201cThe strong sponsorship support of Grosvenor and Clark made the project very attractive for Capital One to finance,\u201d Sadhvi Subramanian, senior vice president with Capital One Commercial Real Estate, told Commercial Property Executive<\/i>.<\/p>\n

Carrying the address of 1277 First St. SE, the Hickok Cole Architects-designed F1RST will feature a 13-story 327,000-square-foot residential tower offering 325 units and 25,000 square feet of ground-level retail, and a 12-story 126,000-square-foot Residence Inn by Marriott extended-stay hotel with 170 guestrooms.<\/p>\n

Location has a lot to do with the project\u2019s appeal as well. The development will sprout up across from Nationals Park, the $600 million, 40,000-seat baseball park that has been the catalyst for revitalizing the Capitol Riverfront District since it opened in 2008.<\/p>\n

And F1RST\u2019s multi-family component also caught Capital One\u2019s eye. \u201cCapital One is comfortable with the dynamics of the multifamily market in the Ballpark area,\u201d Subramanian said. \u201cThe baseball stadium and continued investment by substantial sponsors is making the submarket very desirable for millennials.\u201d<\/p>\n

F1RST is on track to reach completion by opening day of the 2017 Major League Baseball season.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial services giant closed a $90 million construction loan for the residential, hotel and retail project.<\/p>\n","protected":false},"author":445,"featured_media":1004119513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21752,21742,1615],"tags":[],"class_list":["post-1004119510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-mixed-use","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\nGrosvenor's Capital Project Gets Boost from Capital One - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grosvenor's Capital Project Gets Boost from Capital One\" \/>\n<meta property=\"og:description\" content=\"The financial services giant closed a $90 million construction loan for the residential, hotel and retail project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-15T15:33:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-25T07:56:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"448\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/\",\"name\":\"Grosvenor's Capital Project Gets Boost from Capital One - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg\",\"datePublished\":\"2015-05-15T15:33:30+00:00\",\"dateModified\":\"2025-02-25T07:56:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg\",\"width\":1024,\"height\":448,\"caption\":\"F1RST, Grosvenor Americas' 450,000-square-foot project in Washington, D.C.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Grosvenor’s Capital Project Gets Boost from Capital One\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af\",\"name\":\"Paul Rosta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"caption\":\"Paul Rosta\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/paul-rosta-2\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Grosvenor's Capital Project Gets Boost from Capital One - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/","og_locale":"en_US","og_type":"article","og_title":"Grosvenor's Capital Project Gets Boost from Capital One","og_description":"The financial services giant closed a $90 million construction loan for the residential, hotel and retail project.","og_url":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-05-15T15:33:30+00:00","article_modified_time":"2025-02-25T07:56:12+00:00","og_image":[{"width":1024,"height":448,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg","type":"image\/jpeg"}],"author":"Paul Rosta","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/","url":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/","name":"Grosvenor's Capital Project Gets Boost from Capital One - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg","datePublished":"2015-05-15T15:33:30+00:00","dateModified":"2025-02-25T07:56:12+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg","width":1024,"height":448,"caption":"F1RST, Grosvenor Americas' 450,000-square-foot project in Washington, D.C."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/grosvenors-capital-project-gets-boost-from-capital-one\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Grosvenor’s Capital Project Gets Boost from Capital One"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af","name":"Paul Rosta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","caption":"Paul Rosta"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/paul-rosta-2\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/F1RST-Washington-D-C-3.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004119510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/445"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004119510"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004119510\/revisions"}],"predecessor-version":[{"id":1004623089,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004119510\/revisions\/1004623089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004119513"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004119510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004119510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004119510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}