HFF Secures Loan for DC Community
- Dec 14, 2017
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