HFF Secures Loan for DC Community

The 142-unit luxury apartment community is part of City Market @ O, a mixed-use two-block development in the Shaw neighborhood of Washington, D.C.
880 P Street, Washington, DC
880 P St., Washington, D.C.

HFF has secured the mezzanine financing for 880 P St., a recently completed, 142-unit luxury apartment community. The team worked exclusively on behalf of the developer, Roadside Development, to secure the loan with Invesco Real Estate.

The property is part of City Market @ O, a mixed-use development in the Shaw neighborhood of Washington, D.C., and represents its last phase. The award-winning project occupies a site enclosed by O and P Streets to the north and south and 7th and 9th Streets to the east and west. City Market @ O comprises a 182-key hotel, 638 residential units and is anchored by a 78,000-square-foot Giant Food flagship store.

880 P Street

Topping off at nine stories, 880 P St. includes 2,700 square feet of ground floor retail and offers 142 studio, one- and two-bedroom units averaging 806 square feet. The property has a dual-level rooftop amenity deck, herb garden, waterfall feature and dog park. Additional amenities include a fitness studio with cardio and yoga rooms, full-service spa and clubroom. Apartments features include:

  • Sub-Zero refrigerators
  • wine refrigerators
  • custom cabinetry
  • soaking tubs and enclosed showers
  • distressed faux-wood flooring
  • solar window shades
  • full-size washers and dryers
  • private terraces

The HFF team included Managing Director Walter Coker, Senior Director Brian Crivella and Director Nicole Brickhouse. In October, HFF secured $65 million financing on behalf of JBG Cos. for four Maryland apartment communities

Image via Google Street View