{"id":1004068578,"date":"2013-03-11T20:02:38","date_gmt":"2013-03-12T04:02:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=107830"},"modified":"2020-05-19T02:43:44","modified_gmt":"2020-05-19T10:43:44","slug":"insight-prepares-to-add-tods-valued-at-153m-to-dc-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\/","title":{"rendered":"Insight Prepares to Add TODs Valued at $153M to DC Area"},"content":{"rendered":"<p><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Insight Property Group recently started work on two major transit-oriented apartment projects in the Washington, D.C., area. The Arlington, Va.-based multifamily developer is also nearing completion on a third project. The total cost of these three projects is $153 million.<\/p>\n<p style=\"text-align: justify\">Fenwick Station (<a href=\"https:\/\/www.multihousingnews.com\/cities\/washington-dc\/developers-break-ground-on-310-unit-apartment-project-in-silver-spring\/1004073867.html\" rel=\"nofollow\">reported on this page last month<\/a>) is a 310-unit luxury apartment development located on the former Post Office site in Silver Spring, Md. The project has cost about $74 million construct; initial delivery of the residential units is planned for June 2014, with completion anticipated in December 2014.<\/p>\n<p style=\"text-align: justify\">Insight started construction on the<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/timthumb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-107832\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/timthumb.jpg\" alt=\"\" width=\"300\" height=\"152\" \/><\/a> Huntington Metro Apartments last week. Located in the Alexandria section of Fairfax County, Va., the project will deliver 240 apartments, at a total cost of $53 million. Initial delivery is scheduled for April 2014, with project completion planned for July 2014.<\/p>\n<p style=\"text-align: justify\">John Moriarty and Associates is the general contractor for both Fenwick Station and Huntington Metro Apartments. On Monday, March 4th, <a href=\"https:\/\/www.multihousingnews.com\/news\/todays-deals-cassidy-turley-arranges-129m-in-construction-equity-debt-financing-for-insight-property-group\/1004075058.html\" rel=\"nofollow\">Cassidy Turley announced that Insight Property Group had closed on construction equity and debt financing totaling $129 million for the two apartment projects.<\/a><\/p>\n<p style=\"text-align: justify\">In the next couple of weeks, Insight Property also expects to finalize the construction of its <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/washapt2013.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-107831\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/washapt2013.jpg\" alt=\"\" width=\"300\" height=\"268\" \/><\/a>Grayson Flats multifamily building in Arlington. The project has cost $26 million and will bring 67 ultra-luxury residential units to the desirable Rosslyn-Ballston Corridor of Arlington County. Amenities include a fitness center; resident lounge with kitchen, bar and billiards; outdoor terraces with gathering areas and fireplace; rooftop terraces; as well as structured parking. Clark Builders Group is the project\u2019s general contractor.<\/p>\n<p style=\"text-align: justify\">\u201cThe two construction starts and the wrap-up of Grayson Flats represent three years of work,\u201d said Insight Principal Michael Blum in a statement. \u201cWe have known and done business with the contractors, lenders and investors on these projects for years, and we are thrilled to be working together on such high-profile assets.\u201d<\/p>\n<h6 style=\"text-align: justify\">Rendering of Huntington Metro Apartments courtesy of <a href=\"https:\/\/www.insightpropertygroupllc.com\/\" rel=\"nofollow\">Insight Property Group<\/a>.<\/h6>\n<h6 style=\"text-align: justify\">Charts courtesy of <a href=\"https:\/\/www.marcusmillichap.com\" rel=\"nofollow\">Marcus&amp;Millichap<\/a>.<\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insight Property Group announced on Monday it recently started work on two major transit-oriented apartment projects in the Washington, DC area. The Arlington, Virginia-based multifamily developer also said it is nearing completion on a third project. The total cost of these three projects is $153 million.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004068578","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Insight Prepares to Add TODs Valued at $153M to DC Area - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insight Prepares to Add TODs Valued at $153M to DC Area\" \/>\n<meta property=\"og:description\" content=\"Insight Property Group announced on Monday it recently started work on two major transit-oriented apartment projects in the Washington, DC area. The Arlington, Virginia-based multifamily developer also said it is nearing completion on a third project. The total cost of these three projects is $153 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-12T04:02:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T10:43:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/timthumb.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Insight Prepares to Add TODs Valued at $153M to DC Area\",\"datePublished\":\"2013-03-12T04:02:38+00:00\",\"dateModified\":\"2020-05-19T10:43:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\\\/\"},\"wordCount\":333,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/03\\\/timthumb.jpg\",\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/insight-prepares-to-add-tods-valued-at-153m-to-dc-area\\\/\",\"name\":\"Insight Prepares to Add TODs Valued at $153M to DC Area - 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