Following are brief descriptions of some of our recent and current projects. Please contact us for more details on these and other properties.
The Wharf (Southwest Waterfront, Washington, DC)
Overview: A $1.5 billion development comprising 3.2 million square feet of mixed-use “trophy” assets that will transform the Southwest waterfront into a vibrant living, cultural and employment center in downtown Washington, D.C. The project will include over 1,300 condominium and rental residences, 960,000 square feet of office space, 358,000 square feet of retail space, 3 hotels comprising 683 rooms, 450 boat slips and 10 acres of public parks and community spaces.
The Residences at Waterfront Park (Washington, DC)
Overview: A five-story, 108-unit luxury residential condominium development situated in a prime waterfront location overlooking Waterfront Park and the Potomac River just a few blocks from the National Mall. At the footstep of this project are an abundance of amenities including The Wharf, Arena Stage, a national center for the performing arts, expansive park space covering three acres along the shoreline, and the Waterfront Metrorail Station.
Monroe Street Market Townhomes (Brookland, Washington, DC)
Avemore Apartments (Charlottesville, Virginia)
Overview: A $45 million, 280-unit apartment project located in the burgeoning Pantops neighborhood of Charlottesville, Virginia.
Westside at Shady Grove Metro (Rockville, Maryland)
Overview: This multi-family development is currently under construction and will consist of 333 luxury apartments, 17,000 square feet of retail space, and structured parking for 466 cars. This project part of a 45 acre public-private master planned community that, when fully developed, will include 1,100 apartment units, 400 for sale townhomes, 37,000 square feet of retail, 130,000 square feet of office space and a site for a public library. The project is conveniently located at the Shady Grove Metro station.
6406 Arlington Boulevard (Falls Church, Virginia)
Overview: Currently under construction, this project is designed to exceed the National Green Building Standard. Upon completion, it will contain 171 Class A rental apartments, 14 townhomes, 14,800 square feet of ground floor retail, structured parking for 255 cars, and 9,000 square feet of amenity space to include a state-of-the-art fitness center, business center, and club room among other features. Situated inside the Beltway, just west of the intersection of Arlington Boulevard (US Route 50) and Leesburg Pike (VA Route 7), this site provides excellent access to major employment centers and destinations in the Washington metro area.
The Metropole Condominium (Washington, DC)
Overview: Two commercial condominium units ideally located between Dupont Circle and Logan Circle in the lively 14th Street Corridor on a block of P Street that is arguably the best combination of urban living and retail attractions in the city. This investment comprises a Colonial Parking Garage and Vida Fitness Center, a state-of-the-art fitness facility featuring cutting edge equipment, endless pools, personal trainers, Aura Spa, Bang Salon and luxurious locker rooms.
8415 Fenton Street (Silver Spring, Maryland)
Overview: Development plans on this premier 2 1/2 acre site call for a mixed-use 233,996 square foot building with 244 residential units above 18,503 square feet of retail space. This project is strategically located in the heart of Downtown Silver Spring directly across the from the Whole Foods Market, Montgomery County’s new Silver Spring Public Library (currently under construction) and the new Purple Line Metro Station (expected to open in 2017). 888 Realty Investors participated in the pre-development phase of the project before the project was sold to Grosvenor Development in 2013.
Dulles Marriott Suites (Herndon, Virginia)
Overview: A 10-story, 253-room hotel (currently the Washington Dulles Marriott Suites), with $4.5 million of improvements made to the hotel since acquisition.
733 Tenth Penn Quarter (Washington, DC)
Overview: Completed in 2011, 733 Tenth is a landmark office building which combines green building principles and modern conveniences to create an inspiring work environment featuring sweeping views on all sides. The building includes 171,000 square feet of Class-A office and retail space located in the business and cultural heart of D.C’s Penn Quarter with immediate access to the largest metro station in the system. 888 Realty Investors participated in the early development phase of the project before the project was sold to Skanska USA.
Class A Office Buildings (Harrisburg, Pennsylvania)
Overview: Two Class A Office Buildings and a Class B Office Building comprising a total of 132,982 rentable square feet constructed in 2009, 2008 and 1988, respectively, with recent improvements to the latter including HVAC upgrades and renovation of common areas. The buildings are ninety-five percent (95%) leased to a robust mix of tenants and are located within a short drive to downtown Harrisburg.
Northern Exchange Condominium (14th Street Corridor, Washington, DC)
Overview: A 35 unit loft condominium project developed within the shell of a historic building on a prominent corner in the burgeoning 14th Street Corridor between Logan Circle and Columbia Heights. This highly desirable neighborhood has experienced strong residential demand due to its strategic location and an explosion of new restaurants, retail shops, and developments. The project is fully sold out having achieved record setting prices.
Edmonds School Condominium (Capital Hill, Washington, DC)
Overview: A 25 unit condominium project developed within the shell of a historic schoolhouse building in the heart of Capitol Hill just a short walk to Eastern Market and the popular H Street Corridor. Units feature the character of the original building details, including restored brick walls, large windows, dramatic 13 foot ceilings and double height spaces up to 18 feet tall. The project is fully sold out above projections.
The Holm Condominium (Logan Circle, Washington, DC)
Overview: A 38 unit condominium project developed on the northwest corner of 11th and Rhode Island Avenue, NW. Located two blocks from Logan Circle in one of the District’s most popular urban neighborhoods, this project will benefit from the limited supply of new condominiums and its proximity between the lively 14th Street and 9th Street Corridors. This project was converted to multi-family in early 2015 whereupon 888 Realty sold its interest achieving excellent returns for its investors.
Towson Green Townhomes (Towson, Maryland)
Overview: Towson Green is an urban in-fill development of 120 townhomes ideally located in the heart of downtown Towson within a few blocks of Towson University, Towson Town Center Mall, and popular restaurant and retail shops of downtown Towson. This project fully sold out in the first quarter of 2016.
Uptown at Murray Hill (Annapolis, Maryland)
Overview: A stylish new community consisting of 23 townhomes, 2 duplex homes and five detached homes located in the heart of historic Annapolis, just steps from the colonial city’s attractions, trendy restaurants and chic boutiques. The project fully sold out before completion in the summer of 2013.
Lorton Station Town Center (Lorton, Virginia)
Overview: Built in 2006, Lorton Station Town Center is a 51,806 square foot shopping center that is 100% leased to a variety of strong retail tenants. Located adjacent to the Virginia Railway Express Station and in the center of a 300-acre transit-oriented, master planned development comprised of 1,200 residences, 170,000 square feet of office and retail space, this project also benefits from its close proximity to Fort Belvoir, a major US Army base that was recently expanded due to the Base Realignment and Closure Act (BRAC) of 2005.
Culpeper Marketplace (Culpeper, Virginia)
Overview: Cupeper Marketplace is a 95,447 square foot shopping center built in 2006 and located in the heart of Culpeper’s retail corridor on Business Route 29 (James Madison Highway). The center is 100% leased, anchored by a 68,725 square foot Kohl’s department store and a strong mix of national retail tenants.
Rutherford Crossing (Winchester, Virginia)
Overview: Rutherford Crossing consists of four multi-tenant buildings with a total of 79,947 square feet of leasable space located on the north side of Winchester at the intersection of I-81 and Martinsburg Pike. The project is over 96% leased and is well positioned to benefit from the second phase of development to include a best-in-class grocery store to anchor the development.
Manokeek Village Center (Accokeek, Maryland)
Overview: Built in 2004, Manokeek Village Center is a thriving grocery-anchored retail shopping center situated on 23.5 acres of land and comprising 90,712 square feet of leasable space. The property is located in Accokeek, Maryland, just south of Washington, DC and only a few minutes drive from the National Harbor.
1519 Wisconsin Avenue, NW (Georgetown, Washington, D.C.)
Overview: A fully renovated 5,400 square foot building with prime retail exposure in one of the most desirable retail corridors in Washington, D.C. The building is 100% leased to a popular yoga studio, nail salon, and the highly acclaimed David Rios Salon & Spa.
Mill Centre (Baltimore, Maryland)
Overview: A complex of 100-year old industrial buildings converted into 80,000 rentable square feet of fully leased office and studio space situated on approximately 4.17 acres of land in the Hampden neighborhood of Baltimore.
Westview Corner Shopping Center (Frederick, Maryland)
Overview: A 3.5 acre site improved by three buildings – two lines of retail bays plus a free-standing bank (sold in 2013) – comprising 25,000 square feet. Westview Corner, which was built in 2008, has an ideal mix of tenants that includes a FedEx Office, Columbia Bank, Jimmy John’s, and Smoothie King.
Pinefield South Shopping Center (Waldorf, Maryland)
Overview: A 7.9 acre site improved by a 71,400 square foot retail shopping center located at the north end of Crain Highway (Rt. 301), the primary shopping corridor in Waldorf. The project is over 95% leased to a strong mix of national retail tenants and a popular local barbeque restaurant.
Medical Office Building (Hampton, Virginia)
Overview: A 35,200 square foot medical office building built in 2002 that is strategically located in the region’s premier master planned business park, Hampton Roads Center, within one mile of the area’s major hospital and directly across from the highly acclaimed Hampton University Proton Therapy Institute.
Premier Medical Center (College Park, Maryland)
Overview: A 45,059 square foot medical office building located within the Capital Beltway near the intersection of the Capital Beltway (I-495) and the Baltimore-Washington Parkway in the Greenbelt-College Park community of Maryland, a close-in Washington suburb. The project is leased to a diverse group of medical office tenants, including an affiliate of Children’s National Medical Center.
Shops at Silver Hill (District Heights, Maryland)
Debt Investment (Washington, DC)
Overview: A commercial parcel of real estate located adjacent to the new Convention Center in downtown Washington, D.C. A first lien debt investment yielding a high interest rate and short amortization.