Northridge Capital and FORTIS Companies Partner on Two Premier Condominium Developments in Washington D.C.

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Nov 15, 2016, 10:00 ET

WASHINGTON, Nov. 15, 2016 /PRNewswire/ -- Northridge Capital, LLC, is pleased to announce its partnership with local developer The FORTIS Companies on two, boutique condominium buildings that are being developed in Washington D.C.'s vibrant core. Together, Northridge Capital and FORTIS will deliver 74 brand new, luxury condominiums. These developments are located at 909 2^nd Street, NE and 1628 11^th Street, NW, and will cater to the needs of young urban professionals, "empty nesters," and others looking for a luxury product in a live/work/play environment.

Rendering of Pullman Place located at 909 2nd Street, NE in Washington, D.C.

Pullman Place, located at 909 2^nd Street, NE, is a 42-unit, boutique condominium that's situated between NoMa, Union Market, and H Street Corridor, three of the District's most dynamic and fastest growing neighborhoods. Totaling 41,000 gross square feet, Pullman Place will offer residents various amenities including a rooftop lounge and grilling station, private fitness center, and secured bike storage. Interiors will feature high-end gloss lacquered kitchen cabinets, quartz countertops, plank wood flooring and spa-inspired bathrooms. Pullman Place is nearing completion and units are currently being marketed on a pre-sale basis by Urban Pace, the exclusive sales and marketing team for the project.

The second D.C. development underway by FORTIS and Northridge Capital is located near Logan Circle, at 1628 11^th Street, NW. The urban-infill project will feature 32 top-of-the-line luxury residential units. The Project is situated squarely in the heart of the Logan Circle neighborhood, just two blocks from 14^th Street and three blocks from both the Shaw and U Street Metro stations. The condominium units will average 1,060 square feet, featuring best-in-class finishes and design, including 10' ceiling heights, custom European kitchens, Bosch appliances, Caesarstone and marble countertops, Porcelanosa bathrooms, Waterworks bathroom fixture, floor-to-ceiling glass windows, large landscaped patios and barbeque areas. The building will also accommodate 20 below-grade parking spaces and a comprehensive amenity package that will far exceed other boutique developments in the neighborhood, including a fitness center, rooftop lounge, fully vegetated roof and a dog washing station. The project is targeting completion by 2^nd quarter of 2017.

Equity for both developments is being provided by Northridge Capital, LLC, on behalf of its overseas investors. Debt financing is being provided by EagleBank, which has been active in construction lending in the local Washington, D.C. metropolitan area.

About Northridge Capital
Northridge Capital, LLC, is an independent real estate asset management firm that has invested in more than 40 assets with a combined acquisition value of approximately $800 million since its founding in 1997. Based in Washington, D.C., the company focuses on generating superior risk-adjusted returns for international high net-worth individuals and institutions

About The FORTIS Companies
FORTIS is a Washington, D.C.-based real estate development and investment company that is focused on creating extraordinary multifamily residential and mixed-use projects. With a combined 30 years of experience, FORTIS' team has built more than 2,500 multifamily units in the D.C. region with a combined value in excess of $800 million.

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SOURCE Northridge Capital, LLC