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Roadside Development Lands $128M Loan for Washington, DC Asset


Roadside Development Lands $128M Loan for Washington, DC Asset
Roadside Development Lands $128M Loan for Washington, DC Asset
Dwight Capital originated the financing, which is the largest to date under HUD’s 223(a)(7) multifamily program.
Apr092021
Image courtesy of Dwight Capital
Roadside Development has secured $128 million in HUD financing for City Market at O Street in Washington, D.C.’s Logan Circle-West Mount Vernon submarket.
The loan, originated by Dwight Capital, is the largest to date under HUD’s 223(a)(7) multifamily program. The asset was completed in 2014 and is managed by Bozzuto. It consists of 400 apartments in two, nine-story buildings, a ground-floor Giant supermarket, a three-level parking garage and five retail offerings.   ....

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Roadside Development Repays EB5 Capital's Investment in City Market at O Street | Comunicados | Edición USA


14 dic 2020
Roadside Development Repays EB5 Capital’s Investment in City Market at O Street
WASHINGTON, Dec. 14, 2020 (GLOBE NEWSWIRE) Roadside Development joins EB5 Capital in celebrating the repayment of EB5 Capital’s $12.5 million mezzanine loan invested in Roadside’s City Market at O Street project in the Shaw neighborhood of Washington, DC.
City Market at O Street is a one million square foot, mixed-use development in the heart of the Shaw neighborhood at 7th & O Streets NW. The project features 650 multifamily units, including a 90-unit affordable apartment building for the 55+ community, a 182-room Cambria Suites Hotel, and 90,000 square feet of retail including a grocery store. Originally built in 1881, the historic O Street Market, one of three 19-century public market buildings still standing in the city, is the cornerstone of this project. The market was restored into a state-of-the-art 78,000 square foot Giant Food Store. ....

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