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FCP Provides $47.1M Construction Financing for Mixed-Use Redevelopment Project in Arlington, Virginia
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FCP Provides $47.1M Construction Financing for Mixed-Use Redevelopment Project in Arlington, Virginia
ARLINGTON, VA. — FCP has provided $47.1 million in construction financing for a two-tower mixed-use development located at 685 N. Glebe Road in Arlington, a suburb of Washington, D.C. The site was formerly home to a Macy’s department store in the city’s Ballston neighborhood. The borrower, a partnership between Insight Property Group and PGIM Real Estate, is developing two 16-story residential towers called Mira and Ador that will total 553 apar…
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