Recent Projects
line

Part Triangle - Apartments, Retail, Columbia Heights

New Mixed Use



Project Information:

Factual Data: 117 apartments, 19,000 sq.ft. retail, 110 car garage, developed by Triangle Development Associates, LLC, including Ernest Marcus as co-managing member.

  • Won competitive bid process for this WMATA site
  • Ground lease negotiation with WMATA with option to purchase in 16th year.
  • Construction financing
  • Environmental contamination cleanup
  • Design of mixed-use project in dense, urban location. Transit-oriented development won award from National Builder’s Association.
  • Management of interior design process with unique, contemporary look including acquisition of significant portfolio of contemporary art.
  • Construction of 6 story building above Metro tunnels directly beneath the site.
  • Negotiations with city permitting office regarding public space issues
  • Retail programming and leasing
  • Full leaseup of first luxury apartment building in submarket in over 50 years, including unique marketing strategies.
  • FNMA forward obtained and closed.
  • Obtained New Market Tax Credits.