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| Capitol Place Apartments rendering 701 Second Street NW Washington, DC |
WASHINGTON, DC – HFF announced today that it has arranged
$100.7 million in financing for 701 2nd Street Apartments, a five-star,
10-story, Class A, transit-oriented urban infill multi-housing and retail
development in the H Street submarket of Washington, D.C.
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| Sue Carras |
HFF worked on behalf of Fisher Brothers to place the
20-year, construction-to-permanent loan with an institutional investor
represented by Cornerstone Real Estate Advisers, LLC, one of the world’s
largest real estate investment managers.
The property is located at 701 2nd Street, Northwest
at the convergence of Washington, D.C.’s Capitol Hill, NoMa and H Street
Corridor neighborhoods.
Due for completion in December 2014, the property will
consist of 378 luxury residential units, 25,517 square feet of ground-floor
retail space and a 309-space subterranean parking garage.
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| Walter Coker |
The residential
portion will include studio, one-, two- and three-bedroom floor plans that will
feature high ceilings, hardwood floors and custom kitchen finishes.
Community amenities include 24-hour concierge service,
fitness center with spin room, tranquility garden, courtyard, gaming lounge,
pet spa and rooftop dog walk, rooftop swimming pool and deck, hot tub, cabanas
and fire pit, community vegetable garden and electric car charging ports.
The HFF debt placement team was led by Sue Carras, Walter
Coker and Brian Crivella.
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| Brian Crivella |
Fisher Brothers is a third generation, family-owned real
estate and investment company founded in 1915.
Fisher Brothers has developed more than 12 million square feet and owns
more than seven million square feet of Class A office space in New York and
Washington, D.C.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873
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