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| Rendering of planned Atlantic Plumbing mixed-use development U Street and North Shaw submarket, Washington, DC |
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| Sue Carras |
WASHINGTON, D.C. – HFF announced today that it has arranged
$99.2 million in financing for Atlantic Plumbing, a 375-unit, Class A, trophy
urban infill mixed-use development in the U Street/North Shaw submarket of
Washington, D.C.
HFF worked on behalf of entities owned by The JBG Companies
and Walton Street Capital, L.L.C. to place the four-year construction loan,
with extension options for an additional three years, with Capital One.
The development is situated at the northwestern and
southwestern corners of the intersection of 8th Street and V Street NW, two
blocks from the U Street metro station.
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| Walter Coker |
Due for completion
in early 2015, the property will consist of 375 designer residential units and
23,785 square feet of ground-floor retail space, including artist studios, in
two separate buildings.
Designed by New
York architect Morris Adjmi, the project will feature one- and
two-bedroom units averaging 716 square feet each.
Community amenities
include a state-of-the-art fitness center with yoga and spin area, lounge with
bar and theater, rooftop gardens, rooftop pool with panoramic city views,
rooftop grilling stations , rooftop movie screening area and electric car
charging stations.
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| Brian Crivella |
The HFF debt placement team was led by Sue Carras, Walter
Coker and Brian Crivella.
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 | www.hfflp.com
240.333.3600.
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