Ed Peete Company Opens Newest Arlington, Va. Rental Community

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.