Category Archives: Development

FCP MAKES 4TH MULTIFAMILY DEV. INVESTMENT IN 2021 W/ $12.8M IN PREFERRED EQUITY FOR ST. JOSEPH’S APARTMENTS

FCP® has invested $12.8 million in preferred equity for St. Joseph Apartments, a 268-unit luxury apartment development at 9500 Ruby Lockhart Boulevard in Upper Marlboro, MD. Developer Varsity Investment Group will build the four-story, elevatored community with United Bank providing … Continue reading →

BEARDED IRIS TO OPEN SOON AS SYLVAN SUPPLY ANNOUNCES NEW TENANTS, EXPANSIONS IN NASHVILLE

Sylvan Supply, the gateway to Nashville’s vibrant Sylvan Park by Third & Urban and FCP®,  will welcome a slate of new businesses this summer and is creating new space for an existing tenant. It has also reached a long-term agreement … Continue reading →

FCP, ABACUS CAPITAL & BIG CYPRESS CAPITAL ADD TO ADAPTIVE REUSE ASSEMBLAGE IN CHARLOTTE, NC

FCP®, with JV partners Abacus Capital (Abacus) and Big Cypress Capital (Big Cypress), has closed on the $9.0 million acquisition of 2320 Toomey Avenue in South End Charlotte, NC, adding to what will be the largest remaining assemblage of adaptive … Continue reading →

FCP PROVIDES $8.6 MILLION PREFERRED EQUITY INVESTMENT IN EDEN WEST APARTMENTS IN BROWARD COUNTY, FL

FCP® announces the closing of $8.6 million in preferred equity for the development of Eden West Apartments, a 212-unit multifamily development in the city of Tamarac in Broward County, FL. The project is a joint venture between developers Eden Multifamily … Continue reading →

FCP PROVIDES $12.6 MILLION PREFERRED EQUITY FINANCING FOR OVIEDO, FL APARTMENTS

FCP® has provided $12.6 million in preferred equity financing to LeCesse Development Corp. for the development of AVILA Apartments, a 269-unit, three-story apartment community in Oviedo, FL, northeast of Orlando. The investment marks FCP’s second with LeCesse and is FCP’s … Continue reading →

FCP AND QUADRANT INVESTMENT PROPERTIES ANNOUNCE ACQUISITION OF THE INTERNATIONAL AT TURTLE CREEK AND 161 RIVEREDGE DR.

A new development project is planned in Dallas’ Design District Dallas TX, January 5, 2021— Quadrant Investment Properties, a Texas real estate investment firm, and FCP®, a privately held real estate investment company based in Chevy Chase, MD, announce the … Continue reading →

FCP EXPANDS FLORIDA PRESENCE W/ $8.4 MILLION PREFERRED EQUITY FINANCING IN DESTIN

FCP® has provided $8.4 million in preferred equity financing to Arris Holdings for the development of Arris Destin, a 192-unit apartment community in Destin, FL. The investment is FCP’s 13th in Florida and its first in the Florida panhandle, including … Continue reading →

FCP AND KANE REALTY ANNOUNCE $236 MILLION SALE OF THE DILLON IN RALEIGH, NC

FCP® and Kane Realty Corporation announce the sale of The Dillon to an institutional client advised by MetLife Investment Management for $236 million. The Dillon is the first mixed-use development of its kind in downtown Raleigh; its 18 stories encompassing … Continue reading →

FCP, ABACUS CAPITAL & BIG CYPRESS ACQUIRE CHARLOTTE ASSEMBLAGE FOR ADAPTIVE REUSE REDEVELOPMENT

FCP®, with JV partners Abacus Capital (Abacus) and Big Cypress Capital (Big Cypress), has closed on the acquisition of two parcels on 4.33 acres at 2213 and 2218 Toomey Avenue in Charlotte, NC. The parcels are currently occupied by one-story … Continue reading →

SYLVAN SUPPLY ADAPTIVE REUSE OPENS IN NASHVILLE, TN

Accenture, Radish Kitchen, Row House & Woodland Wine Merchant Now Open in Third & Urban, FCP’s Nashville Adaptive Reuse Project CLICK HERE FOR EXCLUSIVE COVERAGE BY THE NASHVILLE BUSINESS JOURNAL Sylvan Supply, the adaptive rehabilitation of the 60-year-old Madison Mill … Continue reading →