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$74M In Hand, JBG Moves Forward With Capitol Riverfront Project

WASHINGTON, DC--A commercial bank provided JBG Cos. with the construction funding for 1221 Van St.

1221 Van St. 1221 Van St.

WASHINGTON, DC–JBG Cos. secured $74 million in construction finance from a commercial bank for the development of 1221 Van St., a 13-story luxury apartment building in the Capitol Riverfront. Cushman & Wakefield Executive Managing Director John Campanella arranged financing for the project.

1221 Van St. will be a 13-story apartment building with 291 units and approximately 24,000 square feet of ground-floor retail. The site is bordered by Van, N and South Capitol streets, adjacent to Nationals Park and a few blocks from the future DC United stadium.

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Erika Morphy

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.

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