FAIRFAX, VA. — Insight Property Group has broken ground on the redevelopment of the Hunters Branch office property in Fairfax within Northern Virginia.
Brian Crivella, Brian Gould, Patrick McGlohn, Bill Gribbin, Yalda Ghamarian, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia arranged equity and construction financing for the $174.6 million project. The lenders, CIBC and Citizens Bank, jointly provided a $107.7 million nonrecourse construction loan.
In March, Insight sold a portion of the Hunters Branch property, consisting of two vacant office buildings totaling 400,000 square feet, to Toll Brothers for $17 million. The national homebuilder will develop 76 stacked townhomes on the parcel.
Insight will develop the balance of the site into a 452-unit apartment community while preserving 656 parking spaces in the existing garage. Resident amenities will include a fitness center, clubroom, coworking library, private dining space, a pool, outdoor grilling areas, a pet spa and dog park, along with expanded outdoor recreation space tied to the adjacent Hunters Branch Park. The project site is situated a quarter-mile from the Vienna Metro Station.
Acquired for $28.9 million in a direct REO (Real Estate-Owned) transaction in November 2024, the original office property was not zoned at the time and included several commercial office tenants. Insight worked with the existing tenants to find them new offices and spent a couple of years designing and rezoning a new development to include multifamily units, retail, community spaces and townhomes that will tie into the existing park network. The Fairfax County Board of Supervisors voted unanimously to approve the plan in June 2025.
“Hunters Branch is an exceptionally well-located property that required a transformation better suited to its residential surroundings,” says Trent Smith, managing principal at Insight.
The project marks the third office-to-residential conversion for Arlington, Va.-based Insight, which also redeveloped The Wray in Washington, D.C., and Broad and Washington in Falls Church, Va. The company currently has two additional office-to-residential conversions and is seeking several new projects as well.
Since June 2025, Insight has closed on approximately $750 million in five transactions that encompass 1,731 multifamily units and 50,000 square feet of retail space in Virginia. The firm develops, acquires and repositions multifamily and mixed-use properties in the greater Washington, D.C., area.
— Kristin Harlow