USCIS okays petitions for $17M in immigrant funding for riverfront redevelopment

Posted by Juline Kaleyias on September 3, 2015

EB5 Capital announced that the United States Citizenship and Immigration Services (USCIS) has begun to issue I-526 Petition approvals for investors in EB5 Capital’s Dock 79 (formerly known as Riverfront at the Navy Yard) mixed-use project in the Capitol Riverfront neighborhood of Washington, D.C.

The I-526 Petition is the first step in the process for immigrant investors seeking to become permanent residents of the United States by investing through Regional Centers in new, job-creating enterprises.

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Douglas Development Secures $93.5M Loan for Mixed-Use Development in D.C.

Posted by Juline Kaleyias on August 26, 2015

Douglas Development Corp. (DDC) has secured $93.5 million in construction financing for Uline, DDC’s mixed-use development in Washington, D.C. The development will be located at 1140 3rd St. N.E. directly across from the NoMa-Gallaudet U Metro station. Upon completion in the fall of 2016, Uline will feature 174,000 square feet of loft office space with rooftop decks and 70,000 square feet of retail space, including a 51,000-square-foot REI.

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D.C. sets tourism record with 20 million visitors

Posted by Juline Kaleyias on August 19, 2015

D.C. set an all-time record with 20.2 million visitors in 2014, thanks in large part to a 16 percent boost in international visitors over the previous year.

About 90 percent of the city’s visitors still come from within the United States, but international visitors are an attractive target for tourism officials because they typically stay longer.

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Douglas Development secures Uline construction financing (Video)

Posted by Juline Kaleyias on August 11, 2015

Douglas Development Corporation, which began work to reshape D.C.’s historic Uline Arena this spring, has secured a total of $94 million in construction financing for the mixed-use project.

That will cover about 75 percent of the project’s expected cost. Douglas Development is covering the rest.

Natixis Real Estate Capital has provided a $75.5 million construction loan. EB5 Capital is providing $18 million in preferred equity.

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Douglas Development Takes $75M Loan from Natixis for Historic D.C. Conversion Project

Posted by Juline Kaleyias on August 5, 2015

Douglas Development Corporation received a $75.5 million construction loan from Natixis Real Estate Capital for the redevelopment of Washington, D.C.’s Washington Coliseum, Commercial Observer has learned.

The financing will be used to fund about 67 percent of the Uline Arena redevelopment project in D.C.’s NoMa neighborhood. The Natixis loan features a three-year term with two one-year extension options.

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Category: Washington, D.C.