Located just west of the vibrant Logan Circle neighborhood, the 37-unit Lofts 14 II and the 20-unit Cooper Lewis properties are both upscale projects that entail the redevelopment of existing buildings. Both multifamily destinations are expected to open in 2005.
"This represents Corus Bank's third construction loan for Metropolis Development Co., covering four condominium projects," Corus Bank vice president John Ascher notes. "In addition to Lofts 14 II and Cooper Lewis, we are providing construction financing for their Lofts 14 and Langston Lofts projects." Cushman & Wakefield represented the joint venture in the transaction.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
