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16 Things You Need to Know This Morning

16 Things You Need to Know This Morning
Akridge's Trophy Transformation
Of The Dupont YMCA

EagleBank provided Akridge and Alcion Ventures, on behalf of 1711 Rhode Island Ventures, with acquisition and predevelopment financing for the purchase and renovation of the former YMCA National Capital building located at 1711 Rhode Island Ave NW.  The property will be transformed into a 100k SF boutique office building. It will be renamed “1701 Rhode Island." The building's four façades will be replaced with glass, masonry, and sculptural metal. The modern facility will boast a fitness facility, a landscaped, rooftop terrace and an option for conference facilities on either the penthouse level or ground floor. 1701 Rhode Island is targeting LEED Gold certification.  Construction is scheduled to begin in early 2017 and the building is scheduled to be delivered in summer 2018.

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