Park Triangle Apartments and Retail
New Mixed Use

Factual Data: 117 apartments, 19,000 sq.ft. retail, 110 car garage, developed by Triangle Development Associates, LLC, including MAG, Peak Companies and The Maven Group, as members. Located at 1375 Kenyon Street, NW, Washington, DC.

  • Won competitive bid process for this WMATA site
  • Ground lease negotiation with WMATA with option to purchase in 16th year.
  • Construction financing
  • Environmental contamination cleanup
  • Design of mixed-use project in dense, urban location. Transit-oriented development won award from National Builder’s Association and ULI.
  • Management of interior design process with unique, contemporary look including acquisition of significant portfolio of contemporary art.
  • Construction of 6 story building above Metro tunnels directly beneath the site.
  • Negotiations with city permitting office regarding public space issues
  • Retail programming and leasing
  • Full leaseup of first luxury apartment building in submarket in over 50 years, including unique marketing strategies.
  • FNMA forward obtained and closed.
  • Obtained New Market Tax Credits.
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