Mid-Atlantic
Ground Broken for Mixed-Use CityCenterDC in Heart of D.C.
Washington, DC–Hines and Archstone broke ground this week on the CityCenterDC development, a mixed-use project on 10 acres in downtown Washington.
Development of $1B Mixed-Use Project in Northern Virginia Begins
McLean, Va.–Development of One Loudoun, a sprawling 358-acre master-planned community in McLean, Va., has officially gotten underway.
Federal Home Loan Bank Awards $5.1 Million for Affordable Housing in Virginia
Atlanta–Federal Home Loan Bank of Atlanta will award $5.1 million to assist in the funding of 12 affordable housing developments in Virginia.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
Boston Capital Invests in Virginia Affordable Housing Development
Stuarts Draft, Va.–Boston Capital Corp. has agreed to become the latest investor in the construction of Montague Terrace Apartments, an affordable multifamily development in Stuarts Draft, Va.
$70M HUD Loan Moves Mixed-Use TOD Forward in Northern Virginia
Ashburn, Va.–Financing is in place for The Residences at Loudoun Station, a mixed-use project marking the first phase of a 3.8 million square-foot transit-oriented development.
$74M Mixed-Use Project Will Combine Grocery and Residential
Alexandria, Va.–Buchanan Partners and The Pinkard Group have joined forces to develop a $74 million mixed-use residential property with ground-level retail.
Enterprise Community Investment Wins More New Markets Tax Credits
Columbia, Md.–The U.S. Department of the Treasury’s Community Development Financial Institutions Fund has awarded Enterprise Community Investment Inc. an additional $62 million in New Markets Tax Credits.
Cityline Partners Plans 40-Acre Tysons Corner Transformation
McLean, Va.– Cityline Partners of McLean, Va. has unveiled a plan for the long-term transformation of about 40 acres of land in Tysons Corner, Va. into an integrated mix of residential, office, hotel, retail and civic uses surrounding an improved Scotts Run Stream Valley Park.
Bozzuto Kicks Off 121-Unit Suburban Baltimore Townhome Project
Towson, Md.–Bozzuto Homes prepares to bring 121 new for-sale townhomes to Towson with Towson Green, a $40 million residential development outside of Baltimore.