1100 New York Avenue Associates
Formed in 1985 for the purpose of acquiring and developing a commercial property in Washington, D.C., Carlyle Development Group acted as the sole general partner. The property consisted of 32,788 square feet of land for the construction of a 15 story office building for a gross buildable area of 327,800 sq.ft. The equity investment was $7,000,000 towards the acquisition, and a $15 million loan was obtained from Dominion Federal Bank for the balance. The property was divested in 1987.