ASHBURN, VA – 07-09-2018 (Press Release Jet) — EagleBank is providing funding to Gramercy District to move forward with the highly anticipated smart city development.
“We have been working with Minh Le on the Gramercy District project from the beginning and are proud to participate in this pioneering smart city located in Loudoun County, VA.” commented Tony Marquez, Executive Vice President and Chief Lending Officer – Commercial Real Estate, “This modern holistic approach to development where a project of this size is fully entitled is a testament to the quality of the smart initiative’s planning and management.”
Gramercy District is a premiere mixed-use development located at the Ashburn Metro Station just two and a half miles from Dulles Airport and is scheduled to open ConceptFoundry “The Innovation Lab” in 2019 and NeonLofts in 2020, two of the ten planned buildings. The mixed-use transit-oriented project totals 2.5MM square feet that delivers urban-suburban experiences; the development encompasses offices, retail space, luxury residential (condos and rentals), and a hotel with conference facilities. Gramercy District has been described as an innovation hub integrating live, work, learn, play, and operate into one campus.
“EagleBank has worked closely with us to find the right solutions for financing our smart cities since the beginning of Gramercy District’s development,” said Minh Le, Managing Partner of Gramercy District. “Their support and partnership will allow Gramercy District to realize its full potential as a cost-effective, AI-integrated living and working environment that utilizes a ground-breaking citylink.ai real estate AI technology platform.”
EagleBank is a community business bank headquartered in Bethesda, Maryland. Operating through twenty full-service branch offices, located in Suburban Maryland, Northern Virginia, and Washington, D.C., the bank focuses on building relationships with businesses, professionals and individuals in its marketplace. EagleBank also offers a complete line of competitive personal banking products and services.
About Gramercy District
Gramercy District, the international “Innovation Campus,” is a smart city development strategically located in Loudoun County, Va. It is a fully entitled 2.8 million square-foot, $700 million development located at a premier transit-oriented location. The mixed-use development is located within close proximity to Washington Dulles International Airport and is at the future Silver Line Ashburn Metro Station, opening in 2020. This project is the first smart city in the region and one of the first in the country. For more information, visit gramercydistrict.com. Follow Gramercy District on Twitter @gramercy_d.
Citylink.ai is a global leader in citizen-centric smart city development and technology. Through their dedication to providing complete, urban technology and education solutions, citylink.ai is revolutionizing every aspect of the way people live. Whether you are a real estate developer, small business, international company, local government, citizen, software developer or student, citylink.ai’s platform offers a full suite of products and tools that empower you to do more. Welcome to The Future of Living™. For more information, visit citylink.ai. Follow citylink.ai on Twitter @citylinkai.
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 20 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.
For the original news story, please visit https://pressreleasejet.com/news/eaglebank-funding-gramercy-district-a-smart-city-of-the-future.html.
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