WASHINGTON, DC–JBG SMITH has secured a refinancing loan for its Atlantic Plumbing infill mixed-used development that it delivered a few years ago.
ING Capital as the administrative agent, led a $110 million refinancing of the 310-unit multifamily residential and retail project located at the intersection of 8th and V streets in Northwest Washington, DC. ING was joined by BMO Harris Bank as co-lender. The loan is secured by a first mortgage on the property.
JBG SMITH, when it was JBG Cos. and developing the ten-story project, secured a a four-year $99.2 million construction loan from Capital One.
The Shaw area in general has become highly attractive to millennials and the developments by JGB SMITH are in part responsible for that. Atlantic Plumbing, designed by architect Morris Adjmi, is wrapped in a structural steel exoskeleton that features integrated planting beds and climbing vines, reminiscent of the overgrown warehouses that once occupied the site.
The project received an Honor Award for top Residential Design in DC from the American Society of Landscape Architects.
WASHINGTON, DC–JBG SMITH has secured a refinancing loan for its Atlantic Plumbing infill mixed-used development that it delivered a few years ago.
ING Capital as the administrative agent, led a $110 million refinancing of the 310-unit multifamily residential and retail project located at the intersection of 8th and V streets in Northwest Washington, DC. ING was joined by BMO Harris Bank as co-lender. The loan is secured by a first mortgage on the property.
JBG SMITH, when it was JBG Cos. and developing the ten-story project, secured a a four-year $99.2 million construction loan from
The Shaw area in general has become highly attractive to millennials and the developments by JGB SMITH are in part responsible for that. Atlantic Plumbing, designed by architect Morris Adjmi, is wrapped in a structural steel exoskeleton that features integrated planting beds and climbing vines, reminiscent of the overgrown warehouses that once occupied the site.
The project received an Honor Award for top Residential Design in DC from the American Society of Landscape Architects.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
