Ashton Park Associates III, LLC, an affiliate of the Shooshan Company, has secured a $71.1 million non-recourse construction loan for the development of The Place, a 17-story, 257-unit, Class A multi-housing project in Arlington, Virginia.

The Place will be the residential cornerstone of Founders Square, a 1.2 million-square-foot, mixed-use project with a goal of LEED Gold certification for a Neighborhood Development.

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