The CityMarket at O is poised to revitalize the Shaw neighborhood of D.C.
while preserving key historical elements from the 19th century.
A team of attorneys and professionals from across the firm successfully
secured more than $100 million for the second phase of the CityMarket at O
project in the heart of Washington, D.C. The closing was finalized on April 4.
The team coordinated the funding from a wide range of nontraditional commercial
lending sources. The funding included tax-increment financing from the District
of Columbia, EB-5 financing for the hotel construction, low-income housing tax
credit (LIHTC) investment funds, bond financing and additional funding from the
District of Columbia for the affordable senior housing building.
This second phase involved a Cambria Suites hotel, an eight-story affordable
senior housing building, a Giant grocery store, additional retail space, two
eight-story multifamily towers and a condominium building with a four-story
underground parking garage. Both phases of this deal totaled more than $300
million of financing.
Holland & Knight has represented this client since the business was
founded in 1998 for the majority of its legal work. Many different groups within
the firm contributed to this success as this deal took more than 10 years from
start to finish. Numerous talented attorneys pitched in to get this deal done,
including: Partners Leila Batties, Carolyn
Brown, Kyrus Freeman, Chip Glasgow,
Paul Kiernan, La Fonte Nesbitt, Tara
Scanlon, Janis Schiff and Joe
Whitebread, Director of Zoning/Land Use Services Steve
Sher, Associates Kate Bagwell, Michelle
Hess, Julia Lane and Ana Oza, as well
as Paralegals Candace Evans and Dianne Holmes
(all WAS); Partners Doug Clapp and Jim
McDermott (both BOS); and Senior Counsel Tara Vance
(NYC).
4/11/2013
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