Ed Peete Company Opens Newest Arlington, Va. Rental Community

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By Erika Schnitzer, Associate EditorArlington, Va.—Ed Peete Company’s Zoso Flats, a 114-unit loft-style apartment community in Arlington, Va., has opened its resident lounge and fitness center. Leasing and move-ins are currently underway.Denver-based Simpson Housing LLLP is currently managing Zoso Flats and will be purchasing the development from Ed Peete Company.The project was originally intended to…

By Erika Schnitzer, Associate EditorArlington, Va.—Ed Peete Company’s Zoso Flats, a 114-unit loft-style apartment community in Arlington, Va., has opened its resident lounge and fitness center. Leasing and move-ins are currently underway.Denver-based Simpson Housing LLLP is currently managing Zoso Flats and will be purchasing the development from Ed Peete Company.The project was originally intended to be a condominium, but Ed Peete Company decided to convert it into apartments last year. “We thought it had more value as an apartment development than as a condo development,” Ed Peete, president, tells MHN. Peete converted many of his Arlington, Va. buildings in 2007.Designed by KGD Architecture and WHA Architecture & Planning, Zoso Flats offers studios, one- and two-bedroom residences, ranging in size from 544 to 1,361 sq. ft. and with monthly rents ranging from $1,880 to $4,110. The project, which began leasing in July 2008, is currently 62 percent leased.Units feature nine-ft. ceilings; hardwood floors; full-sized washers and dryers; kitchens with stainless steel appliances, maple cabinets and granite countertops; and modern baths with slate tile flooring and granite countertops. Some units include island kitchens, frameless showers and landscaped terraces or balconies.Additional amenities include a rooftop courtyard, sub-grade parking and ground floor retail.Zoso Flats is located two blocks from the Clarendon metro station in an area that Peete describes as very pedestrian-oriented, with a Whole Foods, Apple store, Pottery Barn, Crate and Barrel, and Williams Sonoma.

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