Cedar Realty Secures Construction Financing For Major Ward 7 Development

A major Ward 7 mixed-use project anchored by a D.C. agency is ready to break ground after the developer secured its construction financing. 
Cedar Realty Trust announced Thursday it formed a joint venture with Asland Capital Partners and Goldman Sachs Urban Investment Group, and the team secured a $105M construction loan from JPMorgan for the first phase of the development at the intersection of Minnesota Avenue and Benning Road NE. 
The team has begun demolition on the site and plans to host an official groundbreaking event this month for the project’s first phase, Cedar Realty Trust Chief Operating Officer Robin Zeigler wrote in an email to Bisnow. She…

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