Hines, Urban Atlantic and Triden Development Group, along with joint-venture partner Bridge Investment Group, have closed on the land at The Parks at Walter Reed to develop 1155 Dahlia Street, a 60-unit upscale co-living project with 21,000 square feet of retail. Santander Bank N.A. and Tristate Capital Bank Inc. are providing the construction financing.
Featuring 248 fully furnished co-living bedrooms, including 38 designated affordable co-living bedrooms, throughout a mix of two-, three-, four-, and five-bedroom units, as well as a full-service gym, club room, co-working space and two outdoor terraces, 1155 Dahlia Street is one of three buildings that comprise the vibrant Parks Market Place. Parks Market Place will feature natural and organic grocer, Whole Foods Market, plus 60,000 square feet of dining, shopping and entertainment around an active plaza fronting Georgia Avenue.