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Washington DC  + Finance  | 

Grosvenor Americas Provides Financing for Capitol Hill East Development

Grosvenor Americas made a more than $11.7 million commitment to Ditto Residential’s 44-residence Watkins Alley project in Washington, DC’s Capitol Hill East neighborhood. The financing was made through its Structured Development Finance Program.

Watkins Alley will be developed by Ditto Residential in a joint venture with OPaL, LLC, and will include 29 townhomes, 14 condominiums, and one carriage house, together with one level of below-grade parking.

Grosvenor’s Matthew Stein says, “Watkins Alley is a strong fit for our financing portfolio and Ditto Residential is similarly well-aligned with how Grosvenor operates, which emphasizes a long-term commitment to creating needed housing and contributing toward urban vibrancy.”

Watkins Alley is located at 1309 E Street SE near Pennsylvania Avenue, within two blocks of the Potomac Avenue metro station, and a short walk from Barracks Row and Eastern Market.

Construction is set to begin in Spring 2018, and delivery is slated for late 2019.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development