Washington D.C.
Greysteel Tapped to Sell Woodbridge’s Meridian Bay Apartments
The Meridian Bay Apartments, a 23-building garden-style community located in the Northern Virginia suburb of Woodbridge, is looking for new owners. Coastal Properties of Virginia, the current owner, has selected the Greysteel Company’s Mid-Atlantic multifamily investment sales team to sell the property. At the moment, no sale price was announced.
Insight Property Group to Start Work This Fall on $185M Urban Mixed-use Project
Insight Property Group announced last week the acquisition of the H Street Self-Storage Property at 624 H Street NE, in Washington, D.C. The Arlington, Virginia-based multifamily developer plans to turn the site into the home of its new urban, mixed-use luxury project, called The Apollo on H Street. Groundbreaking is scheduled for this fall.
Community Three Development to Open New Condo Building Shaw Neighborhood This May
Last Week, on April 11, Community Three Development, a local real estate company, has topped out its latest project. It’s called the Centrie and it’s the first new new condo development of its size in D.C.’s Shaw neighborhood in over a decade.
First Potomac Realty Trust Buys Iconic Art-Deco Office Building
A twelve-story office building in the heart of downtown Washington, D.C. now has a new owner. First Potomac Realty Trust bought the Tower Building from Guardian Realty Investors LLC for $58 million. The Bethesda-based real estate investment trust announced the acquisition on April 8.
CyrusOne Breaks Ground on Its First East Coast Data Center
CyrusOne, a global data center services provider based in Carrollton, Texas, broke ground on Tuesday, April 8, on its first East Coast data center. About 75 people attended the groundbreaking ceremony. Among them, representatives from Loudoun County, Dominion Virginia Power, and CyrusOne.
$2.8M Renovation of Fairfax’s WillowWood Plaza Nears Completion
The four-year renovation of the WillowWood Plaza is nearing its end. Liberty Property Trust will finish the $2.8 million project this spring and will deliver an updated Class A office park, with Energy Star certification.
Lincoln Property, NVRetail Celebrate Groundbreaking of The Reserve at Tinner Hill
Government officials met with representatives from the Lincoln Property Company and NVRetail on Tuesday, April 8, to celebrate the groundbreaking of The Reserve at Tinner Hill. This upscale apartment and retail development is located at the intersection of South Maple Avenue and Washington Street, right in the heart of Falls Church, one of the most affluent regions in the Washington, D.C. Metropolitan Area.
D.C. Area Not Lacking in Apartments
In a report released at the end of March, the U.S. Census Bureau said that, between July 1, 2012, and July 1, 2013, the population of the Washington, D.C. metro area increased by 87,265, placing the region at number 5 on the list of Top 10 Metro Areas with the Largest Numeric Increase. The Washington, D.C. metro area was also ranked as the seventh largest metro area in the United States, by population, with almost 6 million people living here.
University of Maryland’s $115M Hotel and Conference Center Project Moves Forward
A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, this $115 million project has taken an important step towards the start of construction.
New Construction Codes to Help D.C. Become Global Sustainability Leader
Washington, D.C. is committed to becoming the greenest and most livable city in the nation, as well as a global leader in sustainability. On Friday, March 28, the city adopted the 2013 D.C. Construction Code. It features some of the most modern, sustainable, and energy- and water-efficient building practices.