RiverPoint view from the river
RiverPoint view from the river

Mack Real Estate Credit Strategies has lent $160 million for the conversion of the former U.S. Coast Guard headquarters in D.C. into a major mixed-use waterfront project called River Point, Commercial Observer has learned.

D.C.-based development trio Akridge, Western Development Corporation and Orr Partners are transforming the office building at 2100 Second Street SW to include 481 rental apartments and 59,000 square feet of retail space on the ground floor and cellar levels. The sponsors will convert floors two through eight to multifamily use and add a ninth floor to house additional residential space and amenities.

See the full article on Commercial Observer