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Role

RPL provided development oversight services on behalf of an institutional equity partner.

Unique Approach

• Within walking distance of Shady Grove Metro station
• High quality amenities on site and within the Shady Grove Westside community

Outcomes

• Leased up quickly
• Refinanced at solid valuations

Scope of Work

Development of a 333-unit, Class A 5-story apartment complex with ground-level retail and adjacent structured parking garage.

Project Summary

• Client: One of the largest institutional private equity investment firms
• Location: Rockville, MD
• Size: 333 units, 5 floors, 287,000 SF
• Timeline: 2015 to 2017
• Services: Development Oversight
• Cost: $51 million
• Architect: KTGY Group
• Contractor: Bozzuto Construction Company