Woodfield Dulles Station Gets $69M Construction Loan
- Mar 22, 2016
Washington, D.C.—A new residential community will be developed at the 63-acre master planned community of Dulles Station. HFF recently announced that it has arranged joint venture equity and construction financing for the construction of the 400-unit, Class A property, Woodfield Dulles Station.
HFF worked on behalf of the developer, Woodfield Investments, to arrange joint venture equity from an undisclosed capital partner. U.S. Bank provided a $69 million construction loan. The HFF team representing the developer was led by Walter Coker and Brian Crivella.
Woodfield Dulles Station is part of Dulles Station, adjacent to the future Innovation Center Metro station in Herndon, Va. The Metro station is just off the Dulles Toll Road and Route 28 interchange and approximately five miles from Reston Town Center, 14 miles from Tysons Corner and five minutes from Dulles International Airport.
The five-story, NBGS Silver-certified, eco-conscious development is due for completion in 2017. Future residents will get to choose from studio, one- and two-bedroom floor plans averaging 850 square feet. Community amenities will include a resort-style swimming pool, gourmet outdoor kitchen spaces, rooftop multi-amenity deck, professional-grade fitness center, state-of-the-art conference space, computer lounge, coffee bar and a direct-access, secured parking garage.
Images courtesy of Woodfield Investments