Redbrick LMD has secured a $142.5 million loan to finance The Douglass, the first building to be constructed in Washington, D.C.’s Bridge District project, which comprises eight acres.
The 2.5 million-square-foot Douglass will feature 40,000 square feet of retail space, and about 80 apartments will be reserved as affordable housing.
“The Douglass will offer premier work-from-home residences with sweeping views of the Washington skyline and a proximity to nature that comes from a riverside location and adjacency to a national park,” said Tom Skinner, founder and managing partner of Redbrick LMD.
The project is expected to be completed in 2025.
It is located in the Bridge District, which connects the Capitol Riverfront neighborhood to the communities south and east of the Anacostia River.
