Arlington, Virginia
Market: Washington, D.C.
Type: Multifamily Residential
Role: Development Partner
Status: Under construction
Mid-rise apartment community being developed in the heart of Rosslyn, one of Arlington’s “urban villages,” approximately half a mile from the Potomac River.
474 rental apartments
12,900 square feet of retail space
10,300 people/square mile
97% of metro area median household income
Invested in the development project through a venture with the property’s developer, The JBG Companies.
Developing two residential buildings (one 13 stories, the other 12 stories) with ground-floor retail space on an underutilized site in Rosslyn.
Located three blocks southwest of the Rosslyn Metro Station – which provides light-rail access for commuters to points throughout the Washington, D.C., metropolitan area – and two blocks north of access ramps to U.S. Highway 50/Arlington Boulevard.
Property also will include a landscaped, 30,000-square-foot courtyard and a below-grade parking garage.
Of the apartment units in each building, 55% will be designated as affordable housing for low- and moderate-income residents.
Part of a multi-site portfolio of operating properties and planned development projects located in the Washington, D.C., metropolitan area that is jointly owned by MacFarlane Partners and The JBG Companies.
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