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Mitsui Fudosan America JV to develop DC apartment building for $110M

Mitsui Fudosan Co. Ltd.'s U.S. real estate investment and development unit Mitsui Fudosan America Inc. and developer EastBanc Inc. entered into a partnership to develop a 176-unit apartment building in Washington, D.C., for an expected overall cost of roughly $110 million.

The property at 2800 16th St. NW is expected to break ground in early 2019.