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FCP PROVIDES $47.1 MILLION IN CAPITAL FOR 553-UNIT, GROCERY-ANCHORED, LUXURY APARTMENTS IN ARLINGTON, VA
FCP® announces it has provided $47.1 million in capital through its Structured Investments platform to finance the construction of a mixed-use development comprised of 553 luxury apartments, Mira and Ador, in two adjacent towers, anchored by an approximately 40,000 square foot grocery store. The development, located at the former Macy's building site at 685 N. Glebe Road, adjacent to the Ballston Quarter shopping mall, is being developed by Arlington-based Insight Property Group (Insight) in par
About this update from Macy's Inc
[{"type":"text","content":"CHEVY CHASE, Md., Oct. 9, 2025 /PRNewswire/ -- FCP® announces it has provided $47.1 million in capital through its Structured Investments platform to finance the construction of a mixed-use development comprised of 553 luxury apartments, Mira and Ador, in two adjacent towers, anchored by an approximately 40,000 square foot grocery store. The development, located at the former Macy's building site at 685 N. Glebe Road, adjacent to the Ballston Quarter shopping mall, is being developed by Arlington-based Insight Property Group (Insight) in partnership with PGIM's real estate business.","length":602,"tagName":"p"},{"type":"image","alt":"FCP® announces it has provided $47.1 million in capital through its Structured Investments platform to finance the construction of a mixed-use development comprised of 553 luxury apartments, Mira and Ador, in two adjacent towers, anchored by an approximately 40,000 square foot grocery store. The project will be developed by Insight Property Group in partnership with PGIM's real estate business.","displaySize":"","headline":null,"caption":"FCP® announces it has provided $47.1 million in capital through its Structured Investments platform to finance the construction of a mixed-use development comprised of 553 luxury apartments, Mira and Ador, in two adjacent towers, anchored by an approximately 40,000 square foot grocery store. The project will be developed by Insight Property Group in partnership with PGIM's real estate business.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/0c00540412802748a513c7db62b5e1bb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/htuuJHMVUuPfEvcTfTAxeg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0c00540412802748a513c7db62b5e1bb","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2792554/FCP__FCP_announces_it_has_provided_capital.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""FCP is excited to be a part of the capital stack for this trophy development, which will bring 553 new apartment homes and a grocery component to Ballston," said FCP Senior Vice President, Billy Herbert. "This asset will provide exceptional access to its residents with an abundan...