Park Triangle Apartments Retail

Developed by Triangle Development Associates, LLC, including Ernest Marcus as co-managing member.

117 apartments, 19,000 sq.ft. retail, 110 car garage
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.