Akridge and National Real Estate Development, along with Blue Coast Capital, Bridge Investment Group, National Real Estate Advisors, and D.C. Mayor Muriel Bowser, recently celebrated the ribbon cutting for Phase I of The Stacks, a nearly seven-acre waterfront neighborhood in Buzzard Point.
The ribbon cutting marks the completion of the first phase of the development, featuring 1 million square feet of vibrant residential, retail and coworking space, along with community-centric green space. Completing the Southwest Waterfront, The Stacks sits in the heart of Buzzard Point at the convergence of the Potomac and Anacostia Rivers.
At full buildout, The Stacks will feature two million square feet of mixed-use space, just a block from Audi Field and a short walk to Nationals Park. The property is also home to 40,000 square feet of retail space, including FLEX Gym, with Launch Workplaces slated to open an 11,000-square-foot modern and professional coworking space later this year.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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