Camden Forging Ahead on $99M Rental Project

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WASHINGTON, DC-Camden Property Trust, the Houston-based multifamily owner and operator, is finalizing plans to build an apartment building on a one-acre plot that it acquired 18 months ago in Southeast Washington.

James Hinton, senior vice president of Camden’s real estate investments, says the land at 1325 S. Capitol SW is ideally situated–across the street from the Nationals stadium that is now under construction. The firm is in predevelopment and approval talks with the DC government. Hinton tells GlobeSt.com that Camden should be ready to begin construction on the 244-unit, 210,000-sf building in Q2 2007. The development’s name has yet to be picked.