White and Williams Team Leads Corporate Restructuring and Financing for Transformation of Heating Plant into Luxury Residences
White and Williams represented The Georgetown Company in the corporate restructuring and $21 million financing of West Heating Plant, a decommissioned steam-heat facility in Washington D.C. that was built by the federal government in 1948, operated until the mid-1990s and decommissioned in 2000. In June 2013, our client acquired the West Heating Plant from the United States General Services Administration (GSA) in a public auction. Its proposed project will transform the long vacant, contaminated and blighted site bounded by 29th Street NW, the historic C&O Canal, Rock Creek and K Street in Georgetown from an obsolete steam heat facility into a Four Seasons-managed residential condominium with 60-70 residences, an adjacent one-acre public park and bridge connecting Rock Creek Park with the Georgetown Waterfront. The development team features the world-renowned architects David Adjaye and Laurie Olin.
Steven Coury led the White and Williams team, consisting of Josh Galante, John Eagan, Marc Casarino, Kristin Andreoli, Rachel Schneidman, Andrew Marrinucci, Jeremy Miller and Patrick Haggerty.