Overview

The site is just two blocks from the $300 million DC United Soccer Stadium, Washington Nationals Baseball Stadium and $600 million Phase 1 replacement of the South Capitol Street Bridge that crosses from DC to Maryland. The waterfront property sat on a corner lot at 110,000 square feet of residential density and is located at the southernmost tip of SW DC on the Potomac and Anacostia Rivers which offers the location unmatched water views of both rivers. The developer constructed 110 luxury condominiums including two-level underground parking for 110 spaces. The constructed building also houses ~2,000 sqft of main floor retail space. JIDI was one of five equity partners and funded over $1M of the equity on the acquisition, development and pre-construction phases with over $3.4M to the construction phase for the project. The project extended beyond initial timelines mainly due to Covid-19 impacts to both the national and regional real estate markets. Investor exit ROI ranged between 12-16% on the 67-month project. Closeout was in August 2022.