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EastBanc to Develop 176-Unit Apt. Bldg. Next to Scottish Rite Center

Mitsui Fudosan America Agrees to Back $110 Million Project
March 9, 2018
A former surface parking lot next to the Scottish Rite Center in downtown Washington, D.C. is being repositioned for apartments.

Local real estate development company Eastbanc will break ground in early 2019 on the 176-unit multifamily building set to go vertical at 2800 16th St. NW. The company secured $96 million in joint ventury equity with Mitsui Fudosan America for the development, which is projected to come in at an overall cost of $110 million.

Designed by Grimshaw Partners, the project will include a courtyard, rooftop pool, private resident dining rooms, fitness center and a resident-only cafe. Walter Coker, Brian Crivella and Stephen Conley of HFF arranged the joint venture equity on behalf of EastBanc.
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