CRYSTAL CITY, VA—LCOR has secured $100.325 million in construction financings from Wells Fargo for The Altaire, a two-tower project that have both high-end condos and luxury apartments. The company is breaking ground on the project this month with delivery slated for the second quarter of 2018.

LCOR has been working towards this point ever since it acquired 400 Army Navy Dr. from Lerner Enterprises in late 2012 for $39 million. The building had been empty since February of that year due to BRAC and LCOR acquired it with an eye to changing its use.  It received final site plan approval from Arlington County a few months later. 

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