Author: DCGB Staff Published: 9/4/2026 DC Green Bank
DC Green Bank and PACE Equity Finance announced the closing of $20.6 million in C-PACE financing for ONE Street Commercial Properties to support the conversion of an office building on the Georgetown waterfront into energy-efficient new condominiums and retail space. The renovated building will include 21 for-sale condos, one affordable unit, and ground-floor retail and restaurant space. The development is also expected to create five permanent jobs.
The C-PACE proceeds will fund upgrades to the building envelope, HVAC, lighting, plumbing, and elevators that are estimated to save nearly $160,000 in operational costs annually. The new development will also include at least five EV chargers for residents and visitors. By converting an existing structure, the building will significantly reduce carbon emissions.
“This project is revitalizing office space and turning it into homes and businesses that will power the future of DC. C-PACE financing is a valuable tool for making transformational projects possible.”
Brandi Colander, CEO, DC Green Bank
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