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Monday Properties Recapitalizes Rosslyn Development Site
Monday Properties has announced the successful recapitalization of its 2.10-acre urban infill development site in the heart of Rosslyn, encompassing 1401 Wilson Boulevard and 1400 Key Boulevard. BH3 Management provided the financing.
“We’re committed to creating a transformative project that maximizes value for the neighborhood while setting a new standard for urban excellence, and the financing from BH3 means we are now poised to move this project forward,” said Tim Helmig, Managing Partner at Monday Properties.
Monday Properties plans to collaborate with Arlington County officials and community stakeholders to explore amendments to the current zoning approval for the site. “We are excited to have collaborated with Monday Properties on this recapitalization and look forward to working together on the redevelopment,” said Adam Falk, Co-Portfolio Manager and Principal, BH3. “Rosslyn is a critical and strategically located submarket for the greater Washington, D.C. area that continues to evolve into a dynamic mixed-use environment.”
