Portfolio

Rosslyn Commons

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.

Size                            

  • 474 rental apartments

  • 12,900 square feet of retail space

Local Demographics

  • 10,300 people/square mile

  • 97% of metro area median household income

Highlights

  • 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.