Reshaping the District.
Block by Block.
While our loans help build businesses, it’s our relationships that help build neighborhoods. This approach has successfully delivered some of the District’s largest community and commercial developments, creating opportunities for the surrounding area to thrive. It’s the place we call home and we’re committed to helping it Soar Higher.
Explore the map and site to see some of the large-scale CRE projects, small-scale community developments, and restored historic landmarks we’ve financed throughout the DMV.
The Griffin at Petworth
3801 Georgia Ave NW
The Griffin is a seven-story, multi-family luxury apartment building located steps away from the Metro in the neighborhood known as Petworth.
When construction of the project began in earnest in 2011, Petworth was emerging from its past as a “suburb within the city” that had fallen behind in development. New shops and services had started moving to the area, and EagleBank saw the opportunity to invest in energizing growth in this DC community.
The development company was a single-purpose entity, 3801 Georgia Avenue, LLC backed by principals of DC companies – Donatelli Development, McCullough Construction, and JCM Associates. EagleBank’s initial investment was for development and construction, but the bank was called upon to also refinance post-construction after a planned property sale contract fell through. The refinancing allowed the developers to begin leasing up the Griffin apartments while seeking a new buyer.
Thanks to our focus on building relationships, we were able to work closely with the development team and bridge the gap until a suitable property buyer was identified. The Griffin now stands as a preeminent property in the renewed Petworth neighborhood.
3830 Georgia Ave NW
This five-story multi-family residential and retail building features 218 apartments, a new Safeway grocery store, and below-ground parking for residents and shoppers alike.
On the site of an antiquated Safeway grocery store, EagleBank saw an opportunity to bring a vibrant collection of new amenities to the emerging Petworth and Park View neighborhoods.
Coming on the heels of the recent completion of The Griffin at 3801, EagleBank worked with Dubal LLC, the City, and Safeway to structure a construction loan that met a variety of unique needs. Safeway was responsible for costs associated with shopper parking and the grocery space, while EagleBank helped Duball cover the residential parking and construction costs of the five floors of apartments. This provided a much-needed community amenity that helped spur the revitalization of the Petworth neighborhood.
We are excited to be a part of this addition to another thriving area that continues to Soar Higher.
1701 14th St NW
Built on a storied history of community service and enduring cultural impact, The Liz honors the care provided by Whitman-Walker Health and the Elizabeth Taylor Medical Center.
Incorporating two iconic structures of the 14th Street neighborhood, The Belmont Garage and Elizabeth Taylor Medical Center, this mixed-use property combines a rich cultural history with state of the art residential, retail and office uses – including one of DC’s first Amazon Go stores.
As a longtime lender and supporter of Whitman-Walker Health, EagleBank was able to work with FiveSquare Development by extending the initial construction loan based on strong financials shown by the property’s lease-up velocity. In addition, the development will provide funding for Whitman-Walker Health to expand its reach in DC, supporting our belief that building community health is essential for any market to Soar Higher.
Âme at Meridian Hill
2601 16th St NW
The historic nature of this property cannot be ignored. First built by the Federal government during WWII, it was known as the Meridian Hill Hotel for Women and housed the many women who came to DC in order to fill the jobs of those fighting overseas.
Post-war, it was a women-only hotel, serving transient workers as they passed through DC. Then in 1968, the building took on new life as Howard University converted it for dormitory use, becoming a place of residence for the young minds boldy shaping our future.
In 2015, EagleBank assisted Jair Lynch Real Estate Partners in the purchase and transformation of the building into Class A apartments, aptly named âme, French for “soul” and an homage to the French Government. Due to the historic nature of its architecture and surrounding neighborhood, EagleBank worked with the developer to provide bridge financing and close the timing gaps of their Historic Tax Credits.
We were proud to have helped with this transformation and revitalization as the Columbia Heights neighborhood continues to Soar Higher.
The Parks at Walter Reed
1010 Butternut St. NW
The Parks at Walter Reed (TPWR) is an iconic property that encompasses 66 acres within the historic 110-acre campus of the former Walter Reed Army Medical Center – one of the first Army medical facilities in the US.
As the US Army’s flagship medical center, the location is steeped in history after serving more than 150,000 active and retired military personnel for over a century. In 2015 the campus was registered as the Walter Reed Historic District under the jurisdiction of Columbia Historic Preservation Review Board, including the State Department’s 31-acre Foreign Mission Center, and a 12-acre Health & Science Research Campus, most notably the future colocation of Children’s National. With over 160,000 sq. ft. of newly renovated research and innovation space, they will be able to pursue new high-impact opportunities, innovations, and outpatient specialty care.
The development was part of an 8-year collaborative effort between the city and neighbors to the site, DC-based Urban Atlantic Development partnered with international developer, Hines Development, to transform the 66 acres into The Parks at Walter Reed. The vision was to have a vibrant mixed-use master planned community – one that included affordable housing, hiking trails, parks, and recreation facilities.
Vicki Davis, a Managing Partner and co-founder of Urban Atlantic credited EagleBank’s flexible and creative financing with establishing the right structure for the complex, multi-year acquisition and development of 27 tax parcels within TPWR master plan. In addition to the acquisition and site development financing, EagleBank has provided separate financing for three TPWR parcels, Ground up construction of the 89-unit The Brooks condominiums. The Hartley, a mixed-use retail and multi-family project known as Town Center Market Place – currently anchored by Whole Foods – and Aspen Square at the Parks, a 50 townhome development by NVR.
The continued development of The Parks at Walter Reed is a high-priority, high-visibility Project for the D.C. Government and EagleBank, serving as the heart of a community center.
Meridian Public Charter School
2120 13th St NW
Meridian Public Charter School was founded in 1999 as one of the original public school charters approved by the District of Columbia Public Charter School Board (DCPCSB).
Its mission is to inspire a passion for learning in their students and to help them build their self-confidence and self-respect through academic achievement. Meridian Public Charter School began as a Pre-Kindergarten to third grade school with one hundred students, and has grown into a school community serving more than six hundred diverse students in Pre-Kindergarten to eighth grade on two campuses—an Elementary School at 2120 13th Street NW (U Street neighborhood) and a Middle School at 770 Kenyon Street NW (Columbia Heights neighborhood). Meridian has a rich history and has been a cornerstone of the Meridian Hill community and U Street corridor for many years.
EagleBank’s relationship with Meridian Public Charter School began in 2018 when the bank refinanced the school’s existing New Market Tax Credit debt. Since 2018, Meridian’s leadership team has formed a close working relationship with EagleBank’s commercial lending team, which led to EagleBank providing Meridian more financing in 2020. This second bond financing enabled Meridian Public Charter School to purchase the ground lease of 770 Kenyon Street NW, a 41,688 square foot school building located in Columbia Heights, in order to relocate and expand their middle school campus to accommodate growth and the educational needs of students. By supporting and banking a nurturing, child-centric, and successful charter school and community member in Meridian Public Charter School, EagleBank reinforces its commitment to the D.C. community.
2400 14th St NW
Grocery stores designed for compact, walkable neighborhoods. That was Shin Na’s vision for his newest venture, Streets Markets.
After successfully growing Hana Foods into one of the largest regional distributors of organic, gourmet, and specialty foods, he saw the ways in which fresh food can add vitality and energy to local neighborhoods.
EagleBank was proud to support his vision, starting with Streets Markets first store on 14th Street, and expanding to the now six stores across DC, Baltimore, and Northern Virginia. Financing the evolution has not only helped bring his stores to reality, but also helped energize the areas where we are supporting growth for residential markets to Soar Higher.
T Street Post Office
1407-1409 T St NW
1827 Adams Mill Rd NW