Mack-Cali closes on 46.5M stake in DC residential project

NJBIZ STAFF//January 6, 2014//

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According to the announcement, the 377-unit residential project, currently under construction, includes approximately 25,000 square feet of retail space and a 309-space underground parking garage. The project is expected to begin leasing in the first quarter of 2015, with construction scheduled to finish by the middle of that year.

The Mack-Cali/Fisher Brothers joint venture includes specific provisions, including a right of first offer on all development deals in the D.C. metropolitan area that involve either party, with specific qualifications on any properties in Arlington County, Virginia.

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