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.Virginia commercial real estate news
7 comments:
Not that it matters, but I would have failed the person who drew that kitchen above...
1. not enough working space
2. not even between the fridge and the sink
3. nor the sink or the stove
The latter one is straight forward dangerous...
$2700 for a 1BR, off-metro on the Pike? puh-leez....
Great! I hope it would be a big opening. Congrats and keep up the good work.
Seems expensive and the metro access is terrible. Just what we need, more cars on the road.
Why is the water heater in the living room or dining area but you have a washer/dryer in the bedroom beside one closet and across from another.
If anything happens to the washer the closest will be flooded they would have been better off putting the washer/dryer in the bathroom.
They're asking way too much in rent. The building has been open for several months now and when you walk by it at night you only see lights on in a few units. It's obvious that the building is still mostly empty. The owners should stop being so greedy and lower the rent so that they can fill up the building!
This place SUCKS!!! i would advise anyone thinking about moving here to NOT DO IT!!! YOu will be wasting your time and hard earned money!
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