PROJECTS
Park Triangle - Apartments, Retail, New Mixed Use
Columbia Heights
Developed by Triangle Development Associates, LLC, including Ernest Marcus as co-managing member.
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117 apartments, 19,000 sq.ft. retail, 110 car garage
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Won competitive bid process for this WMATA site
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Ground lease negotiation with WMATA with option to purchase in 16th year.
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Construction financing
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Environmental contamination cleanup
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Design of mixed-use project in dense, urban location. Transit-oriented development won award from National Builder’s Association.
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Management of interior design process with unique, contemporary look including acquisition of significant portfolio of contemporary art.
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Construction of 6 story building above Metro tunnels directly beneath the site.
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Negotiations with city permitting office regarding public space issues
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Retail programming and leasing
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Full leaseup of first luxury apartment building in submarket in over 50 years, including unique marketing strategies.
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FNMA forward obtained and closed.
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Obtained New Market Tax Credits.