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Insight Prepares to Add TODs Valued at $153M to DC Area
Insight Property Group announced on Monday it recently started work on two major transit-oriented apartment projects in the Washington, DC area. The Arlington, Virginia-based multifamily developer also said it is nearing completion on a third project. The total cost of these three projects is $153 million.
Cassidy Turley Arranges $129M in Construction Equity, Debt Financing for Insight Property Group
Cassidy Turley arranges $129 million in construction equity and debt financing on behalf of two Insight Property Group developments; Colonial Properties Trust buys a 280-unit community; and The RADCO Cos. acquires a Chicago-area property for $27.9 million.
Developers Break Ground on 310-Unit Apartment Project in Silver Spring
Insight Property Group LLC of Arlington, VA, and Chevy Chase-based Nova-Habitat LLC held a ceremony on February 5 to celebrate the groundbreaking of Fenwick Station, a six-story, 310-unit apartment development in downtown Silver Spring. Neighborhood leaders and Montgomery County officials were also present at the event. The new development is located two blocks from the Silver Spring Metro Station, on the site of the former U.S. Post Office distribution facility at 8616 Second Avenue. Fenwick Station will deliver a mix of studios, one and two-bedroom apartments. Thirty-nine apartments will be affordable units.
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