A property management company will break ground on a development in Rosslyn.
Penzance, an Arlington property management company, will bring three 240-foot-plus towers, 900 residential units, and other amenities to western Rosslyn. The project is part of a plan that will have a dramatic impact on the neighborhood's transformation. The developer received county approval in February to move forward with the project. The 24-story building on the southwest quadrant of the site will include 331 apartments and 10,000 square feet of ground-floor retail. The east building will have two 270-foot towers, one with 104 condos and one with 456 apartments. In between the buildings, the project will create a new north-to-south connection between 18th Street and Wilson Boulevard, extending North Pierce Street. The developer will also create a new Rosslyn Highlands Park and a linear north-to-south park for pedestrians to cross from 18th to Wilson.The three-building development is part of the Western Rosslyn Area Planning Study, a county-led vision to transform the neighborhood.
On the northwest corner, the Arlington Partnership for Affordable Housing plans to build the 249-unit Queens Court Apartments. On the southwest corner, Arlington Public Schools plans to build a new Wilson School, a $100M project designed by Leo A. Daly and the Bjarke Ingels Group."The addition of 900 new residential units, plus the retail, school, and park, will also further Rosslyn's move toward a more balanced mixed-use community," Rosslyn BID President Mary-Claire Burick said.Adding new housing to Rosslyn also gives more nearby living options to the neighborhood's new office tenants, such as Nestlé. The company signed on earlier this year to move its U.S. HQ to Monday Properties' 1812 North Moore. "When a company like Nestlé is thinking about relocating, one big consideration is the amenities within a close proximity, being close to transit, housing and schools," Burick said. "One of the things we are definitely seeing is the more multifamily housing you have, the more you can attract companies." The project is expected to start in the next six months.
