A massive hotel and gaming venue opened its doors this week in Northern Virginia.

The Rose Gaming Resort is on the site of a former landfill in the Prince William County town of Dumfries, about 30 miles south of D.C.

It includes over 100 hotel rooms, 175K SF of gaming attractions, 62 acres of green space, eight bars and restaurants and an entertainment and convention center.

The $460M project was spearheaded by Churchill Downs Incorporated, the parent company for the Kentucky Derby. The resort is expected to create 500 jobs and generate $35.5M in annual tax revenue.

“This is just the beginning,” Dumfries Mayor Derrick Wood said in a release. “We look forward to welcoming visitors from near and far to experience The Rose Gaming Resort, giving people not just a reason to pass through Dumfries, but a reason to make us their drive-to destination.”

FINANCING

One Street Commercial Properties secured a $20M construction loan for a project in Cathedral Heights that includes constructing a 23-unit apartment building and renovating two historic homes. Dallas-based Hall Structured Finance provided the loan for the project at 3427 Wisconsin Ave. NW, it announced this week. In addition to building a five-story property for the new units, One Street is planning to relocate and renovate two homes from one part of the site to another.