Middleburg, Capital City Poised to Start Suburban DC Apartments

Middleburg and Capital City Real Estate have partnered on the development of The Botanist, a 260-unit multifamily community at 10350 Eaton Place in Fairfax, Va. Having acquired the land and completed entitlements, the partners are going to break ground in the very near future, with first units slated for delivery in Q3 2027.

The Botanist will include a single seven-story residential building on about 3 acres. The development counts as transit-oriented, since it is about five minutes from the Vienna Metro Station (Orange Line), providing access to Tysons, the Dulles Tech Corridor, Washington, D.C., and National Landing, which is home to Amazon HQ2.

A number of major roads are also nearby, including the Lee Highway and Chain Bridge Road. Retail is clustered in the vicinity and includes Amazon Fresh and a number of fast-casual and full-service restaurants.

The building will offer one-, two- and three-bedroom units. Common-area amenities will include a resort-style pool, fitness center, coworking spaces, ground-floor retail and an integrated parking garage. The project incorporates sustainable design elements and is pursuing Green Globe certification.

After a nearly four-year entitlement process, in accordance with the City of Fairfax Comprehensive Plan, the project represents a rare new supply opportunity in an infill market, according to the developers, and points to the strength of the Fairfax rental market.

Metro DC apartment market faces new uncertainty

Metro DC’s main multifamily market driver, employment by the federal government, has historically lent extra oomph to local fundamentals, or at least stability. 

 “The Washington economy’s unique dependence on a diversified bundle of federal government agencies ordinarily makes it extremely robust to economic cycles, but the Trump administration’s moves to pare Federal government employment and contracting puts it at greater risk than usual,” Middleburg noted in a recent report on the market.

For now, fundamentals are stable. The Washington, DC, multifamily market closed Q2 2025 with an occupancy rate of 96.2 percent, which represents a 40-basis-point increase from Q1 2025, according to CBRE. Demand saw an uptick quarter-over-quarter, with 6,380 units absorbed in the second quarter, compared to 4,239 units during the first.

Completions edged down, with 4,006 units delivered in Q2 2025, compared to 4,675 units in Q1 2025, CBRE notes. Rents edge up 1 percent quarter-over-quarter.