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| Rendering of planned The Signet Condominiums, Downtown McLean, VA |
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| Sue Carras |
WASHINGTON, D.C. ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged construction
financing and joint venture equity for the development of The Signet, a 123-unit
luxury condominium community in downtown McLean, Virginia.
HFF worked on behalf of
the developer, an affiliate of The JBG Companies, to arrange construction
financing provided by EagleBank and joint venture equity from Clark
Enterprises.
The Signet will be
constructed on an existing surface parking lot adjacent to 6862 Elm Street, a
109,000-square-foot office building purchased by the developer in 2009.
The transit-oriented property, walkable to the
retail and restaurants in downtown McLean, will be approximately two miles from
the McLean Metro station and will offer convenient access to all of the
Washington, D.C. metropolitan area via Interstate 495, the Dulles Toll Road and
George Washington Memorial Parkway.
The Signet will encompass 108 market-rate
homes averaging 1,844 square feet and 15 workforce condominiums averaging 849
square feet, as well as 5,033 square feet of ground-floor retail and a
four-level parking garage.
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| Walter Coker |
This new community will
offer unparalleled amenities, including a landscaped courtyard with water
feature, grilling stations, resort-style dining areas, resident lounge and
clubroom, fitness center with private saunas and steam rooms, park with play
areas, trail with exercise equipment, electric car charging stations and concierge
services.
Homes will feature
nine-foot ceilings, hardwood floors, custom millwork, Thermador appliances,
stone kitchen countertops, raised-panel wood cabinetry, fireplaces, upgraded
closet shelving and large outdoor terraces and balconies.
The HFF team representing
the developer was led by Sue Carras,
Walter Coker and Brian Crivella.
According to HFF, this
project has been in the planning stages for several years taking into
consideration the input of the many constituents of the McLean market.
Due for
completion in 2018, the Signet will be the first condo-style, single-level
living option to deliver in this high-barrier-to-entry market in more than 10
years.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
Twitter @TheJBGCompanies and Facebook
www.facebook.com/TheJBGCompanies
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