OZ Financing Propels New Projects On 66-Acre D.C. Campus Despite Rising Interest Rates
The Parks at Walter Reed, a 66-acre campus with an anticipated 3.1M SF of development, is about 70% completed or under construction.
New projects have continued to move forward on the campus in part because of an opportunity zone designation that has kept the development attractive to investors even amid a challenging economic environment, said Caroline Kenney, managing director of public-private ventures at Urban Atlantic.
Kenney, in addition to Deputy Mayor for Planning and Economic Development John Falcicchio, NVHomes Vice President Pat Donohue and other partners with projects on the campus were on hand Thursday to celebrate the groundbreaking of townhome project Aspen Square and The Reynard, a multifamily project with more than 300 units along Georgia Avenue.
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