O wners , D evelopers & M anagers
Real Estate Journal — Section B
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M id A tlantic
ASHINGTON, DC — Holliday Feno- glio Fowler, LP Team representing borrower led by Gigliotti, Carras, Coker & Crivella $32 million financing for newly-built class A apartments in Washington, DC arranged by HFF W ceeds were used to refinance existing construction debt on the property.
Kennedy Row is located at 1717 East Capitol St., SE across the street from the newly-renovated Eastern Se- nior High School and in close proximity to neighborhoods such as Capitol Hill, Eastern Market, H Street Corridor and Barracks Row. Completed in 2013, the property is 94% occupied and has a variety of studio, one- and two-bedroom units. Community amenities include a rooftop terrace with outdoor living and dining ar- eas, on-site fitness center, pet BEL AIR, MD — Peak Management has announced the initiation of construction for the Avanti Luxury Apart- ments, a 198-unit community situated along Tollgate Rd. and between Bel Air South Parkway and Plumtree Rd. in the Bel Air section of Harford County. Site work began in July for the apartment com- munity, featuring unit sizes ranging from approximately 1,000 to 1,500 s/f of space, with delivery and resident move-ins expected to begin in summer 2016. The project is contained on the parcel formerly known as Evergreen Woods. To ensure convenient acces- sibility to the apartment com- munity, and as part of the de- velopment agreement reached with Harford County, Peak Management is constructing the stretch of Tollgate Rd. that will ultimately connect Plumtree Rd. to Bel Air South Parkway. Avanti Luxury Apartments will consist of eight sepa- rate three-story garden-style apartment buildings, includ- ing a 5,500 s/f clubhouse containing a state-of-the-art fitness center, community room, business center and out- door pool. Features contained within the units include a modern kitchen equipped with
HI-LIGHTS S ept . 25 - O ct . 15, 2015 HFF worked on behalf of the borrower, a joint ven- ture between TRITEC Real Estate Company and The JBGCompanies , to place the seven-year, floating-rate loan with HSBC Bank. Loan pro- (HFF) announced that it has arranged $32 million in financing for Kennedy Row, a 141-unit, class A multi-hous- ing property in Washington, DC’s Capitol Hill neighbor- hood.
Kennedy Row
cleaning station, bike storage, underground parking and im- mediate access to the metro.
The HFF debt placement team representing the bor- rower was led by Michael
Gigliotti , Sue Carras , Walter Coker and Brian Crivella . n
Peak Management begins construction on 198-unit Avanti Luxury Apartments in MD
2015 Governor’s Conference on Housing & Economic Dev .
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Avanti Luxury Apartments rendering
stainless steel appliances and granite countertops, nine-foot ceilings, a full-size washer and dryer, grand bathrooms, private balconies and gas fireplaces. The community is within close proximity to MD Route 24 (Vietnam Veterans Memo- rial Highway) and MD Route 924 (Emmorton Rd.), with direct access to Festival of Bel Air, a major regional shopping center. Harford Glen Park and the Upper Chesapeake Medi- cal Center are also located in the general vicinity to the
apartment community. Peak Management is con- structing the clubhouse to be outfitted with modern weight training and aerobic fitness equipment; locker rooms; a multi-use community room that can be utilized for ex- ercise sessions, events and meetings; and a business center featuring computer sys- tems. The resort-style outdoor swimming pool will include furniture, sun decks, outdoor furniture and multiple gas grilling stations. “Our team carefully studies
the way consumers interact with apartment spaces, and Avanti Luxury Apartments was designed and engineered to address the busy and mod- ern lifestyle of today,” said Te- resa Rosier , vice president of Peak Management. “The floor plans and features reflect the maintenance-free and on- the-go style of living that we see emerging in the Harford County marketplace. In ad- dition, the on-site amenities support the health-conscious consumer base that we envi- sion as our target audience.” n
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