Just a 5 minute drive down Columbia Pike from the planned Penrose Square, a new mixed-use project, 55 Hundred, is close to wrapping up construction, putting the finishing touches on and looking for tenants. Formerly known as the Columbia Village Project, the building at 5500 Columbia Pike in Arlington comes in at a not-quite-inspiring 10 stories, but taller than others on that area of the Pike. The new building's plan was approved in 2005 to act as a western "gateway" for the Columbia Pike Special Revitalization District.
Fairfield Residential's mixed-use project includes 234 residential units, 308 parking spaces in three levels below grade, and 7,500 s.f. of retail on the first floor. The site plan was originally approved by Arlington for Trammell Crow Residential, which sold the property along with the plan to Fairfield. The building was designed by WDG Architecture. Just last month Fairfield lost its hold on another of its apartment buildings, in southwest DC, when the property was foreclosed.
One-bedrooms rent from $1,300 to $2,700 and two-bedrooms range from $2700 to $4000. 55 Hundred offers residents a rooftop swimming pool, a 24-hour athletic center and a club room, with pool tables and a Wii system. Though the building's website boasts its accessibility to the metro, residents would have to take a least one bus, sometimes two, to get to a nearby metro station. With easy access to the highway, residents may opt for the a more Virgina-style commute, i.e. by car.