Development

The park is adjacent to Lendlease's new seven-acre Southbank neighborhood development underway in the South Loop that, upon completion, will include several mixed-use towers. The first tower—The Cooper at Southbank—opened in the fall of 2018.

"The Green is a great example of Glenpointe's live/work environment for the tenant population."

The 0.832-acre parcel is a transit-oriented infill site that is zoned for mixed use development, according to JLL, which brokered the transaction between Bijou Properties and the seller Kensington Senior Living.

The Athens, GA-based firm acquired the three properties from 908 Group, which has offices in Tampa, Miami and Austin. No

OnPoint Development has acquired a 3.8-acre retail development parcel with plans to develop a multi-tenant retail center.

The mixed-use project comprised of residential, office and retail will be constructed on one of the last remaining undeveloped corner tracts in the Katy Freeway corridor between 610 and Beltway 8.

The $400 million mixed-use project will break ground in the spring and deliver in 2021.

The transaction marks the largest private construction loan in the District of Columbia's history.