Washington REIT has broken ground for The Trove, a new 401-unit trend-setting apartment community in the close-in Columbia Pike corridor of Arlington, VA. Three new seven-story buildings offering stellar amenities are scheduled to start delivering in 2019. The Trove is designed to provide the convenience of comparable apartment communities, but with more amenities and at a lower price point.
Cascade Realty Partners has acquired a 30,361 square foot office building strategically located at the corner of Columbia Pike and Glebe Road in Arlington, VA, for $4.8 million in an all-cash transaction. . Situated on a 1.5 acre site and 75 percent leased to Bank of America, 3401 Columbia Pike has future development potential within a rapidly transforming corridor.
Silverwood Companies of Reston, VA along with investment partner Freedom Development of Alexandria has acquired a 67-unit apartment building near the Courthouse Metro station in Arlington, VA and will shift the property to condominium ownership.