Mid-Atlantic
MARKET SNAPSHOT: ‘Everybody Wants to be in Washington, D.C.’
Washington, D.C.–The strength of the economy in the nation’s capital continues to lead to a tight apartment market.
WDG-Designed Mixed-Use Project Gets Green Light in Bethesda
Bethesda, Md.–The proposal for Woodmont Central, a 585,000 square-foot mixed-use project in Bethesda, Md.’s Woodmont Triangle neighborhood, has been approved.
Joint Venture Plans Metro Charleston Multifamily
Mount Pleasant, S.C.–CNL Macquarie Global Growth Trust Inc. and Woodfield Investments have entered into a joint venture to build a 258-unit multifamily development in Mount Pleasant, S.C.
Weinberg Foundation and Maryland to Fund Housing for the Disabled
Baltimore–The Weinberg Foundation and the state of Maryland have partnered to create the “Affordable Rental Housing Opportunities for Persons with Disabilities” initiative, the first of its kind in the nation.
New Artist Housing Fitted with Green Roof
Washington, D.C.–Volunteers are taking to the roof of Brookland Artist Lofts on Friday in Washington D.C. to add sustainable features to the property’s roof.
Student Housing in Delaware Wins Award for Best Turnaround
Newark, Del.–Campus Living Villages spent $6 million to repurpose and renovate a 665-unit student-housing community near the University of Delaware.
Starwood, Bainbridge JV Bags Apartment Portfolio in Hot Metro D.C. Market
Washington, D.C.–Starwood Capital Group Global and Bainbridge Companies have acquired seven apartment communities in metro Washington, D.C.
Luxury Active-Adult Apartment Property Reels in Renters in Suburban Baltimore
Ellicott City, Md.–Seniors are already lining up at Wood Partners’ Alta at Regency Center, a new active-adult apartment property in Ellicott City that opened a month ago.
Suburban D.C. Apartment Project Wins Senior and Mezz Financing
Merrifield, Va.–DSF Group has obtained financing for the second phase of Halstead Square, which will consist of 436 apartments in two mid-rise buildings.
Mixed-Use, Mixed-Income Apartment Project in D.C. Makes Its Debut
Washington, D.C.–3Tree Flats, a mixed-use residential, transit-oriented development, has opened in Washington, D.C.’s Petworth Neighborhood.