Developed by Triangle Development Associates II, LLC, including Ernest Marcus as member and co-project manager.

• 63 apartments total, 2 buildings within close proximity

• Awarded project after public competition by quasi-public D.C. agency

• Acquisition/Construction financing

• Management of design process for new construction in dense, urban neighborhood

• Extensive construction and design related issues required careful management

• Major flood due to pipe leak required 9 month delay – insurance claim management, construction cleanup and rehab oversight, negotiation with existing buyers.

• Due to changes in market conditions and delay due to flood (see above), careful management of existing buyers and re-marketing of many units.

• Management of punchlist issues including negotiation of settlement agreements with resident associations.

• Construction affiliate performed analyses of building punchlist and warranty issues, including reviews of third party reports. Performed corrective action through coordination with subcontractors.