1616 Rhode Island Avenue, NW
Client
PNC Realty Investors, Inc.
Location
Washington, D.C.
Services
Document Review
Pre-Development Schedule & Budget Preparation
Hard & Soft Cost Budget Preparation
Development Schedule Preparation
Market & Pro-Forma Review
Assignment
Pre-Offer Due Diligence
Project Facts
Located in the attractive Dupont Circle Area 1⁄2 mile from the White House
10 Stories
174,768 Gross sq.ft.
117,885 Leaseable sq.ft.
97 Vehicle Underground Parking
Excellent access to Public Transportation
Located in the Dupont Circle area of Washington, D.C., this unique piece of vacant land was sought after by local real estate developers. Prior to their offer, Mercantile Real Estate Advisors, Inc. (MREA) turned to PMA to quickly assess all facets of the due diligence materials presented by the Sellers. In addition, PMA prepared a development budget and timeline to give MREA an accurate representation of the development scope and timeline. Utilizing the information at hand and previous mid-rise office development experience, PMA met the challenge and provided MREA with all the tools it needed to analyze the proposed acquisition and development and deliver an educated offer to the Sellers.