“MRP Residential, a division of MRP Realty (MRP) and Florida Rock Properties, Inc., a full service development company, announced that it has closed on $82 million of construction financing for its Capitol Riverfront mixed-use project on the banks of the Anacostia River.
The construction loan for Phase One of a four phase development, was provided by First Niagara Bank in the amount of $65 million, includes an additional $17 million in preferred equity financing through a joint venture with EB5 Capital. Phillips Capital Realty structured both transactions with MRP and First Niagara Bank.
“This development will not only provide Washington, D.C. with an exciting iconic development but it will also provide the general public, its residents, tenants and patrons a unique and exciting open space and a destination dining environment where people can enjoy the riverfront and where retailers can thrive,” said Frederick Rothmeijer, principal of MRP Realty.
“This site is one of a few sites in the city that is highly accessible to the public with mixed-use open space located directly on the waterfront. We are thrilled to begin construction on the first phase with MRP Realty,” said David deVilliers, president of Florida Rock Properties.
The 305-unit, 281,050 square foot high-rise multifamily project will include 19,000 square feet of ground level retail space, 40,000 SF of public realm open space, rooftop lounge, a public plaza, a boardwalk with bike and pedestrian trails, dramatic river views throughout, media hub and art gallery.“
If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’ in the title and say the name of your pet and your neighborhood. Your photos will go into the queue (usually 4-6 weeks wait) and will be posted in the order I receive them. If you’ve already entered your pet and would like to do so again – that’s no problem – just space the entries out a bit. Please try to send horizontal photos 640×480 (medium size on your iphone) if possible. If you’re not using an iphone any size is fine.
“Myles of Bloomingdale has a Marilyn Monroe moment on a vent in Friendship Heights.”
“This is Mucha, she’s 4 and lives in bloomingdale”
“Here is an image of Walter the English Bulldog doing what he does best. Sleeping.”
“Spacious BEAUTIFUL wonderful AMAZING English basement room with full bathroom and private entry available for rent in Bloomingdale/Shaw ASAP. The lease terms are month to month but we are looking for someone who will move in now until April or longer. The renter (you?!) would share the large, newly renovated row house with three fun-loving 25/26 year-old professional females who are sort of mostly adults. We’re looking for a lady. Rent is $1,005.00 and utilities are not included (standard: water, cable, electric, alarm). Can come furnished or not. (more…)
I was walking on P Street NW between 15th and 14th and noticed that in the last few days the window coverings have been taken off the old Logan Hardware and a new office of some sorts has opened and a full renovation has taken place. However, there is NO sign. Do you know what has taken over the space? And why it isn’t some type of retail or something?”
Ed. Note: The new Logan Hardware is now open at 1734 14th Street, NW.
“Just wondering if anyone has noticed increased car break-ins in the area? I have some video footage from the cameras that were on the house my car was parked in front of, and I’m wondering if it might be helpful. Around 2am on 11/14 my window was smashed and my computer was stolen (I know, I know, it shouldn’t have been in there, but I will say, it was NOT visible.. on the floor under a pile of gradebooks. Lucky thief). Any leads would be appreciated.”
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