A $700 million investment by Qatar's sovereign wealth fund will jump-start Hines/Archstone's long-planned CityCenterDC project, the developer said Monday.The massive mixed-use project, scheduled to break ground Monday afternoon, will rise on 10 acres between New York Avenue and H, Ninth and 11th streets NW.
The investor, Qatari Diar Real Estate Investment Co., is the real estate investment branch of Qatar's Qatari Investment Authority. The group will provide all of the equity for the project.
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