EagleBank is funding the construction of a 167-unit apartment building with ground floor retail located at 1401 Pennsylvania Ave. SE. The property, located across from Potomac Ave Metro and Harris Teeter, is being redeveloped by a partnership of CAS Riegler Companies, May Development, and Neighborhood Restaurant Group (NRG). A portion of the retail space will be managed by NRG as a unique food hall concept. The property is located one metro stop from Eastern Market/Barracks Row where a new Trader Joes will open in Fall of 2017, in this highly desirable and mostly residential submarket.