From Homeless to Homeownership: Mom Uses DC Programs to Buy First Home at Redbrick LMD’s District Towns
Washington DC wants to close the gap in Black homeownership through initiatives that make owning a home more achievable and affordable. Redbrick LMD is proud to deliver townhomes in the Congress Heights community that are helping advance the city’s goals for aspiring homeowners.
Redbrick Closes on $142.5 Million Construction Financing for Flagship Residential Building at the Bridge District in Washington, DC
Redbrick LMD has secured a $142.5 million loan to finance the construction of The Douglass, a 750-unit residential building at the Bridge District that includes approximately 40,000 square feet of retail and 80 affordable units.
Redbrick Closes on $142.5 Million Construction Financing for Flagship Residential Building at the Bridge District in Washington, DC
Financing supports construction of The Douglass, the first multifamily development at the Bridge District
Why Linking Opportunity Zones and the Community Reinvestment Act is a Win-Win for Banks, Investors, and Communities
Community banks may be missing out on a key opportunity to reinvest their capital gains and help boost development in underserved communities through the Opportunity Zone (OZ) program — all while receiving Community Reinvestment Act (CRA) credits.
Using Leverage In Opportunity Zone Deals, With Louis Dubin
Louis Dubin, principal and managing partner at Redbrick LMD, joins the show to discuss how he determines the optimal amount of debt to use in Opportunity Zone deals.
Redbrick LMD Spends More Than a Decade Bringing OZ-Located Bridge District into Existence
In 2011, Tom Skinner and William Passmore, two of the three founders of real estate owner, developer and manager Redbrick LMD, stood atop a parking garage in Washington, D.C.’s Poplar Point and saw a vision for a sliver of vacant, underused land adjacent to the structure.
Development of old St. Elizabeths Hospital site continues in Southeast DC
Right now the Entertainment and Sports Complex in Southeast D.C. is the biggest and most noticeable redevelopment along the old, but massive, St. Elizabeths Hospital campus. And with more change to come over the next few years, D.C. is working to pick up the pace in Ward 8. On Monday, ground was broken on a […]
Temporary retail village planned for St. Elizabeths East campus
It’s envisioned as part of a larger mixed-use development near the sports arena and Congress Heights Metro station.
Bowser Celebrates Groundbreaking of St. Elizabeths East Campus Parcel 15 Project
D.C. Mayor Muriel Bowser, members of her administration and other city officials celebrated the groundbreaking of Sycamore & Oak, a new community-led temporary development located on Parcel 15 at the St. Elizabeths East Campus in the Congress Heights neighborhood of Ward 8. The Sycamore & Oak project will feature a 22,000 square-foot Interim Retail Village […]
DC leaders break ground on Sycamore & Oak; new community space in Congress Heights
Mayor Muriel Bowser and other District leaders on Monday celebrated the groundbreaking of Sycamore & Oak, a new community-led temporary development located on Parcel 15 in Congress Heights. Officials say the structure consists of a 22,000-square-foot Interim Retail Village (IRV) that will incubate retail and food concepts that originated in the community and provide job […]