{"id":1004095060,"date":"2014-04-18T17:55:20","date_gmt":"2014-04-19T01:55:20","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=255449"},"modified":"2020-04-30T09:18:57","modified_gmt":"2020-04-30T17:18:57","slug":"greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\/","title":{"rendered":"Greysteel Tapped to Sell Woodbridge\u2019s Meridian Bay Apartments"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Meridian-3000600.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-255450\" title=\"Meridian-3000600\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Meridian-3000600.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a>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 Co.\u2019s Mid-Atlantic multifamily investment sales team to sell the property. The sale price has not been disclosed.<\/p>\n<p style=\"text-align: justify;\">The community was constructed in 1989, on 28.64 acres of land at 2900 Fox Lair Drive. It offers 274 spacious one-, two- and three-bedroom units, with washers and dryers, modern fixtures, expansive closets and many other features. The community also includes a business center, a fitness center, concierge services, a clubhouse, playgrounds, picnic and grilling areas and a swimming pool.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Meridian-2026600.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-255451\" title=\"Meridian-2026600\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Meridian-2026600.jpg\" alt=\"\" width=\"300\" height=\"208\" \/><\/a>The apartments range in size from 735 to 1,141 square feet. In the fall of 2012, the ownership started work on a phased, building-by-building renovation project. It invested more than $35,000 to renovate each of the 274 units. The project included new roofs, new landscaping, rehabbed sidewalks and an enlarged fitness center.<\/p>\n<p style=\"text-align: justify;\">\u201cWoodbridge is a high-growth and absorption submarket where Millenials are choosing to &#8216;de-nest&#8217; and baby boomers are downsizing,\u201d Greysteel Director John Mullen said in a statement for the press. \u201cThe close proximity to the Washington, D.C., job market and the lower price point for renting highly amenitized luxury apartments has propelled Woodbridge into a commuter haven.\u201d According to Greysteel, Meridian Bay Apartments also offers the possibility to add 72 more units on the existing parcel.<\/p>\n<p style=\"text-align: justify;\">The Greysteel team in charge of marketing the property includes Ari Firoozabadi, John Mullen, W. Kyle Tangney, Lance Ahmadian, Caleb Brown and Mike Bediones. Recently, Greysteel was also hired to sell the Spring Road Flats, a 30-unit apartment community in Washington, D.C.\u2019s trendy Columbia Heights neighborhood.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/meridianbayapartments.com\" target=\"_blank\" rel=\"nofollow\"><em>Meridian Bay Apartments<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&rsquo;s Mid-Atlantic multifamily investment sales team to sell the property. At the moment, no sale price was announced.<\/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":[1815],"class_list":["post-1004095060","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc","tag-national"],"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>Greysteel Tapped to Sell Woodbridge\u2019s Meridian Bay Apartments - 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\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greysteel Tapped to Sell Woodbridge\u2019s Meridian Bay Apartments\" \/>\n<meta property=\"og:description\" content=\"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&rsquo;s Mid-Atlantic multifamily investment sales team to sell the property. At the moment, no sale price was announced.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\/\" \/>\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=\"2014-04-19T01:55:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T17:18:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/Meridian-3000600.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\\\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Greysteel Tapped to Sell Woodbridge\u2019s Meridian Bay Apartments\",\"datePublished\":\"2014-04-19T01:55:20+00:00\",\"dateModified\":\"2020-04-30T17:18:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\\\/\"},\"wordCount\":295,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/Meridian-3000600.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greysteel-tapped-to-sell-woodbridges-meridian-bay-apartments\\\/\",\"name\":\"Greysteel Tapped to Sell Woodbridge\u2019s Meridian Bay Apartments - 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