Thursday, March 15, 2012

Tysons Developer Begins Route 50 Apartment Project


Tysons-based Insight Property Group has started construction on a 67-unit "luxury apartment" building in Arlington near the Courthouse Metro station. While this will be the first completed development for the Insight team, it claims to have more than 1000 units "in the development pipeline."

Grayson Flats will be a 4-story ("luxury") building on a 1.67-acre site at 1200 North Rolfe Street, near Ft. Myer, which Insight acquired in 2010, demolishing the post-war apartment building that existed on the site.
Lessard Design and Preston Partnership collaborated for the design, with apartments "larger than typical Ballston/Rosslyn offerings." And forget old school, the building will feature the absolute latest in amenities package - think bocce, Wi-Fi, billiards, cyber cafe, bike storage and an electric car charging station. Such amenities may soon be coming even closer to your own neighborhood, as Insight is planning to dot the area with similar apartments:
"Insight development projects include two buildings scheduled to break ground later this year: one in downtown Silver Spring, MD and one near the Huntington Metro station in Alexandria, VA. Two more projects -- another development in Arlington and one on H Street, NE in Washington, D.C. -- will follow shortly thereafter."
Clark Builders Group is the general contractor, Buvermo Investments of Bethesda is the equity partner in the $25 million development. Construction began on the project last year and is expected to be complete by this fall.

Arlington, VA real estate development news

4 comments:

Anonymous said...

This is definitely NOT near the Courthouse station, nor really near any Metro station.

Anonymous said...

^ Very true. It's on the other side of Rt. 50 which is not easy to cross.

Anonymous said...

Yes it is a walk from the courthouse metro, say about 1/2 a mile. Same as walking from Dupont circle metro to Logan Circle or McPhearson sq metro to Whole Foods on P st. Crossing Rt 50 is much easier than crossing 14th street. There is a bridge that connects both side so no there's need to dodge vehicles. Have you been to the site or are u just making assumptions?

Anonymous said...

Crossing 50 over a pedestrian friendly bridge and walking 5 blocks to a metro station is too much I guess to be called convenient. If you aren't lazy, Courthouse station is close.

 

DCmud - The Urban Real Estate Digest of Washington DC Copyright © 2008 Black Brown Pop Template by Ipiet's Blogger Template