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$22.9M for Development of Lux Condos in Tysons, VA
Canyon Partners Real Estate LLC provided a $22.9 million mezzanine loan to an affiliate of The Meridian Group to finance the development of Verse, a 25-story, 140-unit luxury condominium project currently under construction at The Boro in Tysons, VA. The project is part of Meridian’s 15-acre, four-million-square-foot, mixed-use, multi-phase development, and is expected to deliver in late 2019.
Meridian’s Gary Block says, “With this project, we hope to provide the community with a best-in-class product to meet the growing and pent-up demand for modern, luxury condominiums in Tysons.”
Verse is located within Meridian’s transformative development known as The Boro, a transit-oriented project located directly across from the Silver Line’s Greensboro Metro Station. When fully built out, the development will contain office, residential, retail, entertainment and public space.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development