100-Unit Georgia Avenue Project Plans to Break Ground in Late 2014
A 100-unit residential project planned for 3400 Georgia Avenue NW (map) is estimated to break ground in late 2014, UrbanTurf has learned.
The development, from Redbrick Partners, is currently in the entitlement phase. RedBrick is teaming up with Yanni Xanthos to develop the project, which will also have 40 underground parking spaces. William Passmore of Redbrick tells UrbanTurf that the firm hasn’t decided if the project will go condo or rental.
One last interesting nugget about 3400 Georgia Avenue: Word is that they will be partnering with Fundrise, which would be the first DC area residential project that the local crowdsourcing firm would offer to investors.
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This article originally published at https://dc.urbanturf.com/articles/blog/100-unit_residential_project_on_georgia_avenue_break_ground_2014/7511
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1 Comment
If they partner with Fundrise, does that mean that people could invest in the building, like purchase bonds? Forgive my ignorance on the subject, just wondering how that would work.