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”

On February 11, join Roy CohenEd Seglias, and Jackson Nichols at the Sheet Metal and Air Conditioning Contractors National Association (SMACNA) Mid-Atlantic Chapter in Greenbelt, MD for their presentation, “Ignorance is not Bliss: Construction Contract Provisions You Need to Know.” They will discuss provisions that allocate risk for different site conditions, and examine contract provisions addressing payment, indemnity, change orders, and termination. Their presentation will also cover Mechanic’s Liens in DC and Maryland.

For more informationa, and to register for this event, please visit the SMACNA Mid-Atlantic website.

Roy S. Cohen is the Founder and President of Cohen Seglias, as well as a Shareholder and member of the Board of Directors. In his practice, Roy represents clients involved in every facet of the construction industry, including construction managers, general contractors, municipal authorities, private developers, major trade contractors, architects, engineers and sureties.

Ed Seglias  is the Vice President of Cohen Seglias as well as a Shareholder and a member of the Board of Directors. He is also the Managing Partner of the Firm’s Delaware office and a Partner in the Firm’s Construction Group. Ed concentrates his practice in construction law and commercial litigation and has successfully tried numerous construction and commercial cases in the mid-Atlantic region.

Jackson S. Nichols is an Associate in the Firm’s Commercial Litigation and Construction Groups and represents clients in every stage of litigation, including motion practice, discovery, pre-trial preparation and trial practice and appeals. As a member of the firm’s Commercial Litigation group, Jackson assists clients in developing solutions to business disputes.