WASHINGTON, D.C. — Newmark has arranged a $64 million refinancing loan for Elle, a newly developed office-to-residential conversion project in Washington, D.C. The 11-story multifamily community, which formerly served as the Peace Corps headquarters, opened in 2024 and was developed by Willco.
The building is located in the Golden Triangle Business Improvement District (BID), a 44-square-block area that stretches from Dupont Circle to Pennsylvania Avenue. The Golden Triangle BID is a nonprofit that encourages economic development through capital improvement projects.
Elle is comprised of 163 units, 8,000 square feet of ground-floor retail anchored by Moxies (a restaurant), a rooftop pool, coworking pods, a 24-hour fitness center, a dog park and pet spa. Newmark’s Brian Kochan, John Chobanian and Ned Engelbride represented Willco in the transaction.