ASRR Capital To Build Two Towers In Edgewater

ASRR Capital Site

ASRR Capital with partners CNMB International and G-Resources have closed on a site in Edgewater for $33 million after being in contract since July 2016, according to The Real Deal. 

The site spanning 60,000 square feet is located between NE 2nd Ave and NE 2nd CT between NE 17th Terrace and NE 18th St. ASRR Capital is planning to build two towers at 60 stories and 40 stories with 1,200 rental units, 20,000 square feet of retail and 350,000 square feet of office space.

The Padel Courts on the Southwest corner of the block was not included in the purchase.