WASHINGTON, DC–JBG SMITH has secured a refinancing loan for its Atlantic Plumbing infill mixed-used development that it delivered a few years ago.
ING Capital as the administrative agent, led a $110 million refinancing of the 310-unit multifamily residential and retail project located at the intersection of 8th and V streets in Northwest Washington, DC. ING was joined by BMO Harris Bank as co-lender. The loan is secured by a first mortgage on the property.
JBG SMITH, when it was JBG Cos. and developing the ten-story project, secured a a four-year $99.2 million construction loan from Capital One.
The Shaw area in general has become highly attractive to millennials and the developments by JGB SMITH are in part responsible for that. Atlantic Plumbing, designed by architect Morris Adjmi, is wrapped in a structural steel exoskeleton that features integrated planting beds and climbing vines, reminiscent of the overgrown warehouses that once occupied the site.
The project received an Honor Award for top Residential Design in DC from the American Society of Landscape Architects.
WASHINGTON, DC–JBG SMITH has secured a refinancing loan for its Atlantic Plumbing infill mixed-used development that it delivered a few years ago.
ING Capital as the administrative agent, led a $110 million refinancing of the 310-unit multifamily residential and retail project located at the intersection of 8th and V streets in Northwest Washington, DC. ING was joined by BMO Harris Bank as co-lender. The loan is secured by a first mortgage on the property.
JBG SMITH, when it was JBG Cos. and developing the ten-story project, secured a a four-year $99.2 million construction loan from
The Shaw area in general has become highly attractive to millennials and the developments by JGB SMITH are in part responsible for that. Atlantic Plumbing, designed by architect Morris Adjmi, is wrapped in a structural steel exoskeleton that features integrated planting beds and climbing vines, reminiscent of the overgrown warehouses that once occupied the site.
The project received an Honor Award for top Residential Design in DC from the American Society of Landscape Architects.
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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.
