The St. James is a new, mixed-use high-rise development in Center City, in the heart of downtown Philadelphia. The 45-story tower offers 307 new high-tech, luxury apartment homes with a desirable Washington Square location and views. Situated on a one-acre site, The St. James development involved the rehabilitation and repositioning of a neighboring bank building as office and restaurant space, and additional retail space in the tower. Developed by Clark and designed by Solomon Cordell Buenz, The St. James was recently heralded as the Best Luxury Apartment Project in 2006 by the National Association of Homebuilders.

The St. James was the first new residential project in Philadelphia in almost 20 years. It enjoyed a successful lease-up ahead of schedule with rental rates well above the market average. Duxbury Financial was instrumental in setting the underwriting standards for The St. James.

The Clarendon
The Clarendon, an innovative rental project situated next to the Clarendon Metro station in Arlington, VA, is a development composed of two distinct structures: a 12-story, 151-unit tower, and a four-story 141-unit building designed to resemble a block of upscale townhomes. The transition between those structures is smoothed by a nine-story mid-rise section. This variance in design made it possible to offer 60 unique floor plans of one-, two-, and three-bedroom apartments averaging 1,050 SF to give tenants the greatest choice in apartment layout and size.

With its convenient location and luxurious amenities, this project appeals to the growing market of young professionals who prefer to reside in close proximity to the DC metropolitan area.

Pacific Beacon
As part of the Navy’s Public/Private Ventures (PPV) Program, Pacific Beacon brings together the Navy and Clark Realty to design, build, and operate housing for unaccompanied sailors stationed in San Diego. The PPV program was enabled by the Military Housing Privatization Initiative (MHPI), which Congress enacted in 1996. MHPI allows for the military to use the private sector’s expertise in design, development, finance, and property management to provide military members with higher quality housing at less cost to taxpayers than is possible through typical military construction.

Park Center
The Park Center master plan features up to 100,000 square feet of retail space, including two restaurants, in-line shops on the first floor of the mixed-use buildings, and a shopping center. The plan also calls for 414 residential units above the in-line retail, creating a commuter-friendly urban environment adjacent to the Manassas Park VRE Station. When finished, the building designs will incorporate modern styles that remain consistent with a town center image. The façades will combine varying architectural materials and elements to create an urban feel. Park Center will offer residents a vibrant new setting in which to dine, shop, and live - all within easy reach of Washington, D.C.

Clark’s success on the project was made possible by the innovative financing Duxbury was able to structure. Duxbury structured the construction financing with a five-year overall term and executed a five-year forward interest swap on ten-year.