Mid-Atlantic
Top 10 Largest Metro DC Multifamily Developments
Despite the vast majority of recently delivered communities being classified as luxury rentals, many of the biggest projects underway contain significant affordable components.
VA Apartments Command $90M
HFF facilitated the sale of a six-story, 173-unit multifamily property in Ballston, on behalf of a joint venture between The Penrose Group and Clark Enterprises.
Drucker + Falk Buys 396-Unit Hampton Roads Asset
Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.
FCP Sells Multifamily Assets to Reliant Group for $71M
The sale of the three properties marks the final disposition of FCP’s St. Charles Portfolio, which the company originally acquired in 2009.
CPDC Breaks Ground on VA Mixed-Income Development
The community in Richmond’s Jackson Ward neighborhood will comprise two buildings, one for low-income seniors and the other dedicated to workforce housing.
VA Community Trades for $47M
Hivernan Realty Group acquired Aden Park & Glenway Green, a 538-unit value-add asset in Richmond, from Dominion Associates.
Morgan Properties Buys DC-Area Community for $62M
HFF brokered the sale of the 308-unit community, which is located inside the Capital Beltway and within a 10-mile drive of downtown D.C.
Gilbane Development to Construct 5 Student Housing Communities for $400M
The new projects, which will include 3,500 beds, will open in Georgia, Arizona, Illinois, Maryland and Oregon within the next couple of years.
FCP Sells Affordable Communities in DC Area for $56M
The properties are part of the larger St. Charles portfolio that the company purchased in 2009 and is selling in stages.
FCP, Level 2 Sell DC-Area Luxury Community
Takoma Central was completed in 2015 and represented the first ground-up development to be added to the historic Takoma neighborhood in four years.