CityMarket at O Street is a mixed-use development in Washington D.C.’s Shaw neighborhood. Using HUD’s Section 220 New Construction program, AGM obtained an FHA-insured mortgage of $128,000,000 with a fixed interest rate over a term of construction plus 40-years. Additional financing included The District of Columbia’s issuance of $32,000,000 of Tax Increment Financing Bonds and a Grant. The project will contain a Giant Foods grocery store, 400 units of Class A apartments, ancillary retail space and an underground parking garage. Other components of the mixed-use development include a 182 room Cambria Suites hotel to be built immediately upon completion of the parking garage, as well as for sale condominiums and age-restricted apartments.
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