HFF worked on behalf of the borrower, Brick Lane and Red Starr Investments, to secure the 10-year, fixed-rate acquisition loan through Freddie Mac’s CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
Historic helicopter factory sets record with $2.3M residential unit sale
The Helicopter Factory just set a record. A unit in the historic Pleasant Plains building at 770-774 Girard St. NW went for $2.3 million in a deal announced Tuesday, the most expensive to close for the project and the highest price in the neighborhood’s history.
Unit 7W appraised and closed today at $2,300,000
Today, Lead Developer Brick Lane and partner, Brook Rose Development confirmed the sale of Unit 7W in the Warehouse portion of The Helicopter Factory. The Helicopter Factory is a 28,000 SF two-pronged residential development comprised of a 7,600 SF warehouse converted to two (5,100 SF and 2,500 SF) residences and 13 industrial-style luxury condominiums at 770-774 Girard Street, in NW Washington. Unit 7W appraised and closed today at $2,300,000.
$2.3M Columbia Heights condo sets neighborhood record
Columbia Heights has been one of the District’s hottest post-recession residential real estate markets, and the sale of a Girard Street condo just set a record for the neighborhood — by a long shot.Unit 7W, a 4,700-square-foot condo at the redeveloped The Helicopter Factory, has closed for $2.3 million, according to developer Brick Lane and partner Brook Rose Development.
$2.5 Million: The Priciest Condo in Columbia Heights History Finds a Buyer
A condo that delivered earlier this year is setting records in Columbia Heights.The largest residence at the Helicopter Factory listed for $2.5 million — the highest price ever for a condo in Columbia Heights — has gone under contract.
Where Gyro Copters were once made, a D.C. development soars with industrial appeal
If you’ve ever imagined taking flight in a spaceship or rocket or hot-air balloon but couldn’t really get going, you probably weren’t in a spot conducive to creative travel. But if you moved to the Helicopter Factory you’d be in dreamland right away.
