Despite a softening in rental prices, pivotal planned projects continue
Construction on luxury residential units continues in the Northern Virginia Region despite the fact that apartment rental prices have been depressed during the pandemic-induced economic softening in the area. Northern Virginia rental rates dropped more than 7 percent, according to a Washingtonian report in October. Nonetheless, pivotal projects in the region are ongoing based on projected demand, particularly in neighborhoods that are being transformed into more walkable communities.
In the Ballston-Rosslyn Corridor of Arlington, Va., a new Modera luxury community by Mill Creek Residential broke ground in December on Kirkwood Road, just off Washington Boulevard. In the Tysons area, NRP Group’s construction continues on a high-end residential development off Old Meadow Road. In Rosslyn, the Arlington County Board approved the construction of two residential buildings that will redevelop the Ames Center site.
Modera on Kirkwood
Mill Creek Residential’s 270-unit midrise luxury community in Arlington will provide top-tier amenities and is built with LEED Silver standards. It’s a biophilic design that captures “health, wellness, greenery and a welcoming atmosphere,” according to an announcement.
A spacious open-floor plan clubhouse will provide social and co-working space. The community includes a 24-hour self-service marketplace with an outdoor courtyard design for resident cooking, socializing, fitness, and entertaining. Plus, residents will have access to building-wide Wi-Fi and keyless access within the complex.
Additional amenities include a fitness center with a yoga and cycling room. On the ground level, residents will find a combination pet spa and bike storage facility. Modera’s Kirkwood development is located less than three miles from the Arlington-Washington, DC border and near the WMATA Virginia Square and Clarendon Metro stops.
“While the location speaks for itself, we are extremely excited about the wellness aspects of our design, along with the indoor-outdoor symmetry, which we believe will create a unique experience for our future residents,” said Joe Muffler, managing director of development in the Mid-Atlantic for Mill Creek Residential.
The Modera community’s future residents will live just across from George Mason Law, Business and Policy schools, which will add a new technology campus, currently under development.
Modera at Kirkwood, 1122 North Kirkwood Road, Arlington, VA 22201
NRP Group Highland Development
NRP Group is busy developing a 398-unit luxury community just a half-mile from the WMATA McLean Metro stop, Scotts Crossing and the beltway interchange. The new community is within the Highland District of Tysons, which will have direct access to Tysons Corner shopping center via a pedestrian bridge.
The Highland District residences, located just across from the Bexley condominium residences, will offer premium finishes and high-end amenities, including a spacious resident clubhouse with gaming rooms, workspaces, a concierge, and package concierge. There’s also a fitness center with separate spin and cardio studios, an infinity edge pool, in addition to yoga lawns, outdoor grilling areas, and nearby jogging paths.
The proximity to Scotts Run Creek and the Scotts Run South and North lifestyle centers will appeal to many area commuters. Future residents will find easy access to dining, entertainment, grocery, and retail shopping. Capital One Center at Scotts Run North is home to a brand new Wegmans and will offer upscale dining choices. It houses a 1,600-seat performing arts center and 300-seat black box theater.
NRP Group expects the project to be completed by summer of 2022.
NRP at Highland District, 1768 Old Meadow Road, Tysons, VA 22102
Ames Center redevelopment, Rosslyn
Two residential towers that include affordable housing will rise in the Rosslyn District of Arlington, after developer Snell Properties won unanimous approval from the Arlington County Board for the project. This upcoming redevelopment will provide 18th Street connectivity. The 30- and 31-story towers will house 740 units and include ground level retail and office space.
The redevelopment of the Ames Center office building, which includes an onsite Sunoco gas station and Arlington Temple United Methodist Church, will include affordable housing up to 80 percent of the area’s median income for 30 years. In addition, the developer will contribute $2.4M to the Arlington County Affordable Housing Investment Fund and $5M in transportation improvements.
The gas station and church will be rebuilt with a new connection extending 18th Street. Snell Properties will install a plaza that will feature a woodland garden with biophilic elements. And a parking complex will accommodate 574 spaces. A total of 224 of the units will be set aside for short-term (hotel-like) rentals for the first five years.
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