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Luxury Condo Project At Logan Circle Readies for Q4 Groundbreaking

WASHINGTON, DC—MAC Realty and Grosvenor Americas have both placed the financing for Madison Investment's project.

By Erika Morphy | Updated on August 16, 2015

WASHINGTON, DC—Madison Investments has secured financing for the development of a vacant lot in Logan Circle into condos. The project follows another rare new building project in this submarket: Resmark and Streetscape JV to build a 71-unit condo project at 1011 M St., which broke ground in December 2014.

MAC Realty Advisors placed a $18.5 million senior construction loan for the development of 1427 Rhode Island Ave., NW, half a block East of 14th street and two blocks West of Logan Circle. The loan closed in early July 2015.

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