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Jackson S. Nichols is an Associate in the Commercial Litigation and Construction Groups of Cohen Seglias. He represents clients in every stage of litigation, including motion practice, discovery, pre-trial preparation and trial practice and appeals.

The developers of the Wharf, an ongoing waterfront development at 1100 Maine Avenue SW in Washington, D.C., recently announced that they have secured $113 million of debt financing for the project. PN Hoffman and Madison Marquette, the project’s developers, will use the financing to pay for the construction of two new hotels, the 175-room Canopy by Hilton and the 237-key Hyatt House hotel, scheduled to open later next year. SunTrust Bank and M&T Bank will provide the financing.

The announcement is the latest step in an ambitious plan to transform approximately 25 acres along a mile of waterfront of the nation’s capital into a desirable, livable destination complete with hotels, condos, rental housing, retail, and restaurants.

Continue Reading $113M in Construction Financing Approved for One of Washington D.C.’s Most Ambitious Projects – the “Wharf”