1443 Chapin Street, LP v. PNC Bank, N.A.
District Court, District of Columbia
1Opinion of the Court
MEMORANDUM OPINION
COLLEEN KOLLAR-KOTELLY, District Judge.
1443 Chapin Street, LP (“Chapin Street”) is the would-be developer of a condominium project in the Northwest Quadrant of the District of Columbia. Several years ago, Chapin Street, Chapin Street’s principal, Steven F. Schwat (“Schwat”), and PNC Bank, N.A. (“PNC”) entered into a series of related agreements pursuant to which PNC would provide construction financing to Chapin Street in connection with the project. When PNC later cut off funding, Chapin Street commenced this breach of contract action against PNC in the Superior Court for…
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