WASHINGTON, DC—Work is beginning on Pullman Place, a 42-unit condo building in NoMa, now that the developers, Northridge Capital and The Fortis Cos., have closed on the debt and equity. They like the project and site because it is an urban infill development in a submarket where young people like to live.
Eagle Bank is providing the construction financing. Eichberg Construction is the General Contractor and R2L Architects is the architect of record.
Pullman Place is already zoned and construction will begin immediately, with delivery expected in the Fall 2016.
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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.
