 |
| Sue Carras |
WASHINGTON, D.C. – HFF
announced it has brokered a relationship for the purchase and
development of the View at Waterfront,
a two-tower, 256-unit apartment complex with two future development sites in
Washington, D.C.
HFF worked on behalf of
Mill Creek Residential to procure John Hancock as their development partner in
the transaction.
Designed by I.M.
Pei in 1960 and fully renovated in 2008, the
property is 93.6 percent leased with existing units averaging 688 square feet
each.
The existing building amenities include a
swimming pool, outdoor fire pits and grill areas, Bark Park and fitness
center.
Planned development
includes two new apartment buildings with approximately 250 additional units
and new amenities, including a rooftop terrace with wet bar and grilling space,
state-of-the-art fitness center with yoga studio, business center and 8,900
square feet of retail space.
 |
| Walter Coker |
The property is located at
6th Street SW and M Street SW in Washington, D.C.’s Southwest submarket.
The HFF equity placement
team was led by Walter Coker, Brian Crivella, Sue Carras and Dave
Nachison.
”This project represents
a great team effort by Mill Creek and John Hancock to provide a complicated
capital solution to a very large complex transaction. We were pleased to be involved in the process,” said Coker.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza,
Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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