Tag Archives: development

FCP AND SCP ANNOUNCE ACHIEVEMENT OF FITWEL 1 STAR RATING IN NEWLY DELIVERED FORTY540 II IN RALEIGH

FCP® and Strategic Capital Partners (SCP) are proud to announce that recently delivered office development, Forty540 II, has achieved the Fitwel® certification making it one of the first suburban Class A buildings in the Triangle region to achieve the designation. … Continue reading →

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 →

FCP INVESTS $17.2 MILLION INTO BELMONT APARTMENTS DEVELOPMENT PROJECT IN SUBURBAN TAMPA, FL

FCP® announces a $17.2 million preferred equity investment into Belmont Apartments, a 300-unit multifamily development in Riverview, FL, a suburb of Tampa. The acquisition marks the firm’s 16th investment in Florida. Belmont Apartments will be developed by Cross Lake Partners … 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 →