Portfolio

Alaire

Rockville, Maryland


Market: Washington, D.C.

Type: Multifamily

Role: Development Partner

Status: Development completed in 2010

Mid-rise apartment community adjacent to a Metro light-rail transit station in Rockville, Md., approximately 10 miles northwest of the District of Columbia.

Property Size

  • 279 rental apartments
  • 10,200 square feet of retail space

Local Population Density  

  • 6,900 people/square mile

Highlights

  • Invested in the development project through a venture with the property’s developer, The JBG Companies.
  • Developed two four- to six-story residential buildings on opposite sides of a newly built street on a site that had been part vacant land and part surface parking lot.
  • Property serves as the first phase of Twinbrook Station, a major redevelopment effort that will transform 26 acres of commuter parking lots and adjacent property into a vibrant, 2.2.-million-square-foot, mixed-use community surrounding the Twinbrook Metro transit station. Operated by Washington Metropolitan Area Transit Authority, Twinbrook Station provides light-rail access to points throughout the Washington, D.C., metropolitan area.
  • Both The Alaire and the remaining Twinbrook Station acreage are 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.

Sustainability

  • The entire Twinbrook Station project has been designated a smart growth project by the Washington Smart Growth Alliance and has received the International Charter Award for Excellence from the Congress for New Urbanism.
  • Twinbrook Station also was the first project in the Washington, D.C., metropolitan area to be awarded Stage 2 LEED for Neighborhood Development Gold-level pre-certification under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system. (Click here to view the USGBC’s project profile of Twinbrook Station.)

Awards & Honors

  • Named 2010 Multifamily Community of the Year by the Great American Living Awards, an annual real estate contest held by the Washington Metropolitan Sales & Marketing Council, the Northern Virginia Building Industry Association, and the Maryland National Capital Building Industry Association.  Also won six other GALAs: Overall Marketing Campaign; Design & Architecture; Individual Community Web Site; Interior Design for Apartment Building; Rental Model Interior Merchandising; and Clubhouse Interior Design.
  • Earned honors as the Best Mid-Atlantic Transit-Oriented Development given by Delta Associates at the real estate research and advisory firm’s 14th annual Awards for Excellence for Multifamily Properties in October 2010.

Related Websites

 

Walk Score:  63     |    Transit Score:  69     |     Bike Score:  n/a