Fundrise Partners With Georgia Avenue Project For First Residential Offering
✉️ Want to forward this article? Click here.
3400 Georgia Avenue NW. Courtesy of Google Maps.
Crowdfunding facilitators Fundrise have partnered with the developers behind 3400 Georgia Avenue NW (map), the 100-unit project planned by Redbrick Partners.
Through Fundrise, interested investors can buy shares in the residential development, but they will be notably more expensive than the entry-level shares for Fundrise’s other projects: at $10,000 per share, the crowdsourcing firm hopes to raise $500,000. (The remaining capital for the project is described here.)
Murry’s grocery currently occupies the Georgia Avenue site, which is located a few blocks south of the Georgia Avenue/Petworth Metro station. Redbrick has plans to initiate a planned unit development (PUD) process in 2014, and to begin construction on the project in 2015. Delivery is estimated for 2016.
Similar Posts:
- Fundrise ‘Tests the Waters’ Before Moving Forward With Shaw Project
- The People’s Choice: Developer Chosen For H Street Library Site
- Fundrise Launches Second Investment Opportunity on H Street
See other articles related to: 3400 georgia avenue, fundrise, georgia avenue, redbrick partners
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/fundrise_partners_with_3400_georgia_ave_developers/7625.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro