Equity fuels Abdo's Gaslight Square
Washington Business Journal
Friday, December 3, 2010
Abdo Development is bringing condominium development back to Arlington’s Rosslyn-Ballston corridor.
With construction financing in hand for its $82 million Gaslight Square condominium project in Rosslyn, the company plans to begin site work on the 117-unit development by the end of the year. The project will sit on a full city block adjacent to Abdo’s Wooster and Mercer Lofts at Clarendon Boulevard and Quinn Street.
Gaslight Square would be the first condo project to break ground in the corridor since the housing bubble burst, making Abdo Development the first developer brave enough to try its hand at the for-sale market in Northern Virginia after the recession. In D.C., The JBG Cos. and Grosvenor plan to begin their 120-unit District Condos at 14th and Swann streets NW. Read more »