WASHINGTON, DC—Last week HFF reported that itsecured $95 million in financing for thedevelopment of BLVD at Reston Station on behalf ofComstock Partners. HFF's WalterCoker and Brian Crivella placed the48-month construction loan with Citizens Bank.

To be sure, the 21-story, 448-unit, luxury apartment building isa significant, even signature, project for the DC area. It will belocated atop the entrance of the Wiehle-Reston East Metro Stationin Reston, VA--the last stop on Phase I of the new Silver Line. Thebuilding will be the inaugural phase of the Reston Stationmixed-use development that will include 550,000 square feet ofoffice space, a 200-room hotel and another multi-family residentialbuilding.

However, there have been other large-size construction loansplaced over the past year: JBG landed afour-year $99.2 million loan for AtlanticPlumbing, an infill mixed-use development in Shaw fromCapital One; Fisher Brothersobtained a 20-year, construction-to-permanent $100.7million loan with an institutional investor represented byCornerstone Real Estate Advisers, LLC, for 701 2ndStreet Apartments; StonebridgeCarras secured$121.6 million in construction financing fromWells Fargo Bank for the development of 8300Wisconsin in Bethesda, MD.

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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.