ARLINGTON, VA. — Erkiletian Development Co. has secured financing and subsequently broken ground on The Sur, a 360-unit apartment development located in Arlington’s Potomac Yard neighborhood, roughly seven miles southwest of Washington, D.C. Walter Coker, Brian Crivella and Susan Carras of HFF arranged $35.9 million in preferred equity through PCCP LLC for the project. U.S. Bank provided a construction loan. Total development costs for The Sur are more than $148 million. The 12-story development will feature 16,503 square feet of retail space, an eighth floor party room, outdoor terrace, rooftop spa, fitness center, dog wash area, conference room and a business center. Units will range in size from 557-square-foot studios to 1,419-square-foot three-bedrooms. The community is located within the National Gateway mixed-use development, a 40-acre portion of Potomac Yard that includes residential, office and retail space. The Sur is slated for completion in April 2020.
