Monday Properties Delivers Its First Northern Virginia Apartment Building

Rendering of now-completed multifamily project The Blake
Courtesy of Monday Properties
Rendering Of Now-Completed Multifamily Project The Blake

Monday Properties, a developer responsible for some of the most prominent office buildings in the skyline across the Potomac River from Georgetown, has delivered its first Northern Virginia multifamily development.

The Blake, a 300-unit apartment project in Alexandria, has already begun tenant move-ins ahead of its delivery this week. Located at 2000 North Beauregard St., the building features amenities like a yoga studio, pet spa and dedicated coworking space.

Clubroom area of The Blake, featuring table and group seating
Courtesy of Monday Properties
Clubroom area of The Blake

“Alexandria is a first-tier market, and we have the opportunity to transform the community with housing that combines all of a tenant’s favorite amenities at a great price point. We are especially enthusiastic about the innovation that Virginia Tech and Amazon HQ2 are bringing to the untapped market,” Monday Properties Managing Partner Tim Helmig said in a statement.

Monday broke ground in 2020 on the property, which is located about a half-mile from The Shops at Mark Center, a 63K SF retail property owned by JBG Smith.

Model unit in The Blake, featuring bar area in kitchen with seating and living area.
Courtesy of Monday Properties
Model unit in The Blake

The unit mix in the development includes studio, and one- and two-bedroom apartments. Apartments feature vinyl plank flooring, stainless-steel appliances and open floor plans.

Construction on the building began after Monday Properties landed $66.8M in financing from EagleBank, allowing it to replace the aging office property on the site. The Blake is also in a designated opportunity zone.

Gaming area at The Blake featuring a foosball and ping pong table
Courtesy of Monday Properties
Gaming area at The Blake

Monday Properties has made several prominent contributions to the Rosslyn skyline, including the Nestlé headquarters building at 1812 North Moore St., a 537K SF office tower.

Despite a growing multifamily pipeline that includes more than 3,600 units, Monday Properties has remained active in the office market. In November, the investment firm paid $146M for a pair of Arlington office buildings that it plans to reposition. Together, the two buildings added more than 500K SF of office space to Monday Properties' portfolio.

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