DC Metro: The Beacon of Groveton, Alexandria, Virginia

The Beacon of Groveton is a 360,000 square foot, mixed-use development in Alexandria, Virginia. Construction of Phase I consisting of 290 luxury residential units and 10,000 square feet of ground floor retail began in March 2011 and was completed in March 2013. Equity financing was provided by CBRE Investors, Redbrick and Wood Partners. Debt financing was provided by JP Morgan Chase. The project is located adjacent to the Beacon Shopping Center in Alexandria and has a shuttle service to the nearby Huntington Metro Station. The Beacon of Groveton benefits from its proximity to Fort Belvoir, which is expected to gain more than 20,000 new BRAC jobs and is within easy commuting distance to the major employment centers of downtown Washington, DC and Northern Virginia.

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The Beacon of Groveton, Alexandria, Virginia

Washington, DC: 2100 2nd St. SW – Former Coast Guard HQ

Redbrick LMD partnered with a consortium of real estate developers and investors including Western Development Corporation, Akridge, Orr Partners, and Jefferson Apartment Group to acquire 2100 Second Street, SW and redevelop it into Riverpoint, a premier mixed use designation on the southwest waterfront. Located at the site of the former U.S. Coast Guard headquarters at Buzzard Point, River Point commenced construction in Summer 2018 and will deliver ~60,000 square feet of restaurant and retail space, as well as over ~450 apartment along the continuation of the Anacostia Riverwalk Trail. The project will create a vibrant, mixed-use community, connecting the area with the new DC United stadium and other developments along the Capitol Riverfront, including the Ballpark District, and The Wharf. Riverpoint will boast three sides of unobstructed water views. Redbrick sourced, capitalized, and structured the transaction.

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Washington, DC: 2100 2nd St. SW – Former Coast Guard HQ