Virginia

EYA Closes on Land Acquisition in Arlington, Virginia for First Phase of Crystal House Apartments Expansion

by Abby Cox August 29, 2025

ARLINGTON, VA. — Washington, D.C.-based EYA LLC has closed on its land acquisition for Highlands Row, a new 42-unit, for-sale townhome community located in the heart of Arlington’s National Landing district near Ronald Reagan Washington National Airport. Highlands Row marks one of five phases for a mixed-income expansion of the Crystal House Apartments complex, including the preservation of the property’s existing 828 units. The value of the land at Highlands Row will generate financing for the project’s first phase, which is True Ground Housing Partners’ 432-unit, ground-up affordable housing development. The overall project is a public-private partnership between Arlington County, Amazon’s Housing Equity Fund, EYA, True Ground and Washington Housing Conservancy. Construction on Highlands Row is anticipated to begin later this year, with the first home deliveries expected in late 2026. According to the property website, homes will be priced starting at $1.2 million. Highlands Row will feature a back-to-back townhome configuration, which is designed to address site constraints. Built over a podium garage, each home will offer approximately 2,000 square feet with up to three bedrooms, private terraces and two dedicated parking spaces in the garage below the home.

August 29, 2025

Development Multifamily Southeast Virginia

AREP Launches Leasing at 199-Unit Adaptive Reuse Apartment Project in Old Town Alexandria, Virginia

by John Nelson August 28, 2025

ALEXANDRIA, VA. — American Real Estate Partners (AREP) has launched leasing at CityHouse Old Town, an adaptive reuse development located at 1101 King St. in Alexandria’s Old Town district. The seven-story, 199-unit apartment community was originally built as an office building in 1983. AREP and property manager Bozzuto plan to welcome first residents in November. Monthly rental rates at CityHouse Old Town range from $2,730 to $11,815, according to the property website. Amenities include a 24-hour fitness center with instructor-led classes, coworking spaces, library lounge, six-story atrium/courtyard, onsite garage parking, dedicated dog grooming station, bike storage and 65 private storage units for residents. The property also includes ground-level retail space leased to tenants including Fresh Baguette, Orangetheory Fitness and a wine boutique. About 75 percent of units at CityHouse Old Town feature private terraces. The design-build team for the office-to-residential conversion project includes architect Cooper Carry and general contractor Hoar Construction.

August 28, 2025

Acquisitions Industrial Southeast Virginia

Cushman & Wakefield | Thalhimer Brokers $7.9M Sale of Industrial Facility in Fredericksburg, Virginia

by John Nelson August 27, 2025

FREDERICKSBURG, VA. — Cushman & Wakefield | Thalhimer has brokered the $7.9 million sale of a 79,240-square-foot industrial facility located at 4701 Market St. in Fredericksburg, a city in Spotsylvania County that sits about 57 miles south of Washington, D.C. The buyer, Rappahannock Area Community Services Board, purchased the building from the previous owner and tenant, Rappahannock Goodwill Industries. Wilson Greenlaw and Berkley Mitchell of Cushman & Wakefield | Thalhimer represented the seller in the transaction. Rappahannock Area Community Services Board plans to relocate its headquarters to the facility.

August 27, 2025

Development Southeast Student Housing Virginia

Deven Group Breaks Ground on 386-Bed Student Housing Community Near University of Virginia

by John Nelson August 20, 2025

CHARLOTTESVILLE, VA. — Development Ventures Group (Deven Group) has broken ground on a 386-bed, on-campus student housing community situated adjacent to Scott Stadium, home arena of the University of Virginia football team. Located at 2005 Jefferson Park Ave. in Charlottesville, the seven-story, $63 million community will offer 119 units with a mix of one-, two-, three- and four-bedroom layouts. Each unit will include walk-in closets, keyless entry and smart TVs, with select units offering private terraces. Amenities at the 240,000-square-foot property will include an elevated amenity deck with mountain views; a heated plunge pool; firepit, grilling stations and hammock and game lawns; clubroom with a coffee bar and event kitchen; group and private study rooms; fitness center with yoga and spin studios; EV chargers; and bike and parcel storage. Deven Group plans to deliver the unnamed community in summer 2027. Capital partners on the project include Marble Capital, BOK Financial and Clairmont Capital Group. Breeden Construction is the general contractor and is currently constructing a project within University of Virginia’s Fontaine Research Park. Deven Group, the U.S. development arm of Kajima Corp., a 180-year-old Japanese construction company, has approximately $300 million of projects set to break ground this year.

August 20, 2025

Acquisitions Industrial Southeast Virginia

Cushman & Wakefield | Thalhimer Brokers $5M Sale of Former Tyson Foods Plant in Suburban Richmond

by Abby Cox August 15, 2025

GLEN ALLEN, VA. — Cushman & Wakefield | Thalhimer has brokered the $5 million sale of a former Tyson Foods plant located on approximately 53 acres at 13264 Mountain Road in the Richmond suburb of Glen Allen. An entity doing business as Hanoverlovestheproperty LLC purchased the 208,000-square-foot property from Tyson Farms Inc. Graham Stoneburner, Danny Holly and Chrissy Chappell of Cushman & Wakefield | Thalhimer represented the seller in the transaction.

August 15, 2025

Affordable Housing Loans Multifamily Southeast Virginia

Insight Recapitalizes Affordable Housing Property in Arlington With Equity from LEO Impact Capital

by Abby Cox August 15, 2025

ARLINGTON, VA. — LEO Impact Pool, an investment vehicle managed by LEO Impact Capital, has provided a preferred equity investment to Insight Property Group for Haven Columbia Pike, a 118-unit, garden-style apartment community in Arlington. LEO’s investment allows Insight to recapitalize the property, fund significant capital improvements and dedicate all available units to workforce housing for families earning 60 percent or less of the area median income (AMI). Located at 805 S. Florida St. near the Pentagon, Haven Columbia Pike features a mix of one- to three-bedroom apartments ranging in size up to 722 square feet, according to Apartments.com. Amenities at the pet-friendly community include 99 off-street parking spaces, bike storage, landscaping and individual storage units.

August 15, 2025

Development Multifamily Southeast Virginia

Middleburg, Capital City to Develop 260-Unit Apartment Community in Fairfax, Virginia

by John Nelson August 14, 2025

FAIRFAX, VA. — Middleburg and Capital City Real Estate have formed a partnership to develop The Botanist, a 260-unit, seven-story luxury apartment community located at 10350 Eaton Place in Fairfax, about 19 miles west of Washington, D.C. The co-developers recently acquired the 3-acre site and secured construction financing. Designed to achieve Green Globe certification, The Botanist will offer apartments ranging from junior one-bedroom to three-bedroom floorplans. Amenities will include a resort-style pool, fitness center, coworking spaces, ground-floor retail space and an integrated parking garage. Middleburg and Capital City plan to break ground immediately and deliver The Botanist in third-quarter 2027.

August 14, 2025

Acquisitions Multifamily Southeast Virginia

Foxfield Buys 402-Unit Metropolis at Innsbrook Apartments in Glen Allen, Virginia

by John Nelson August 12, 2025

GLEN ALLEN, VA. — Foxfield has purchased Metropolis at Innsbrook, a 402-unit apartment community in the northern Richmond suburb of Glen Allen. Built in 2023, the property was 96 percent occupied at the time of sale. The seller and sales price were not disclosed. Charles Wentworth, Victoria Pickett, Garrison Gore and Eric DeStefano of Newmark brokered the transaction. Situated within Innsbrook Office Park, Metropolis at Innsbrook offers studio, one-, two- and three-bedroom apartments, according to the property website. Amenities include outdoor grilling and entertainment areas, a 24-hour fitness center, golf simulator, rooftop deck and lounge, resort-style swimming pool, community kitchen, dog spa, dog parks, rentable storage units and electric vehicle charging stations.

August 12, 2025

Loans Multifamily Southeast Virginia

Newmark Negotiates $23.1M HUD-Insured Construction Loan for Summerfield Apartments in Midlothian, Virginia

by Abby Cox August 11, 2025

MIDLOTHIAN, VA. — Newmark has negotiated a $23.1 million HUD-insured construction loan to fund the next phase of Summerfield Apartments, a multifamily complex located within the Winterfield Crossing development in Midlothian, a suburb of Richmond. Nemo Hannafin and Ed Belz of Newmark secured the financing on behalf of the landlord, an entity doing business as Summerfield Apartments LLC, in the transaction. The next phase of the Summerfield Apartments’ project will bring an additional 122 units to the Winterfield Crossing mixed-use development. The construction timeline was not disclosed.

August 11, 2025

Development Industrial Southeast Virginia

Blue Ridge Beverage Co. Relocates to 80,000 SF Build-to-Suit Industrial Facility in Rustburg, Virginia

by Abby Cox August 11, 2025

RUSTBURG, VA. — Locally based Blue Ridge Beverage Co., a full-service wholesale beverage distributor, will move its Lynchburg division of operations to Campbell County in Rustburg with the construction of an 80,000-square-foot industrial facility. The building will house the division’s operations, sales, delivery, product inventory and administrative offices on more than 14 acres at Seneca Commerce Park, a 145,000-square-foot industrial property currently under development. The company will transfer its existing workforce from Lynchburg to the new Rustburg location.

August 11, 2025

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