ARLINGTON, VA. — Crescent Communities and Rockefeller Group have broken ground on NOVEL Arlington, a 530-unit apartment development in the Washington, D.C., suburb of Arlington. Set for completion in early 2028, the property will sit on 5.5 acres near the interchange of I-395 and South Glebe Road, which is one exit from the Pentagon.
NOVEL Arlington will comprise 493 studio, one-, two- and three-bedroom apartments, as well as 37 rental townhomes. The property will offer direct access to two trails (the Four Mile Run and the Washington & Old Dominion Trail) and 20,000 square feet of indoor and outdoor amenities, including a rooftop pool, golf simulator, coworking suites and a fitness center with recovery offerings.
Crescent and Rockefeller are pursuing LEED Gold certification for NOVEL Arlington. Other members of the design-build team include Bohler D.C. (civil engineer), Hord Coplan Macht (architect), John Moriarty & Associates (general contractor), LandDesign (landscape architect), Streetsense (interior design) and Structura (structural engineer). Capital sources include equity financing from Shimizu Realty Development and Mitsubishi Estate New York and construction financing from Sumitomo Mitsui Trust Bank New York Branch.