The 11 Largest Condo Projects Coming To The D.C. Area
Want to get a jump-start on upcoming deals? Meet the major D.C. players at one of our upcoming events!
The D.C. for-sale housing market is so hot right now, and developers hope to capitalize on that with large-scale condo deliveries. Roughly 2,600 condo units are expected to break ground this year, up from just under 1,700 in 2016, according to Delta Associates' Q2 condo report. We took a look at 11 of the largest condo projects under construction across the D.C. area, ranked by number of units.
1. The Lexicon
- Developer: The Bush Cos.
- Address: 72 Florida Ave. NE
- Number of Condo Units: 182
Construction began in early 2016 on The Lexicon, a 182-unit condo building coming to NoMa. Sitting near the intersection of Florida Avenue and North Capitol Street, about four blocks from the NoMa Metro station, the project will include 7,500 SF of ground-floor retail. The building includes one-bedrooms starting in the low $400K range, one-bedrooms with a den starting in the upper $400K range, two-bedrooms starting in the low $600K range and two-bedrooms with a den starting in the upper $700K range. Delivery is expected in early 2018.
2. 10 Van St.
- Developer: Monument Realty
- Address: 10 Van St. SE
- Number of Condo Units: 171
Next to the Capitol Riverfront HQ it is building for the National Association of Broadcasters, Monument Realty is constructing a 171-unit condo building. Just one block north of Nationals Park, 10 Van will include a mix of studios, one-bedrooms, two-bedrooms and some larger penthouse units. The project broke ground in January and is expected to deliver in March 2019, with sales beginning 12 months ahead of the opening.
Monument Realty principal Michael Darby said lenders had been wary of financing large condo projects after the recession, but he said the market is ripe for this type of development now.
“The rental market may be getting to that point where it’s oversupplied, and people are looking to buy, so the logical thing is to build condos,” Darby said.
3. Verse At The Boro
- Developer: The Meridian Group, Kettler
- Address: Greensboro Drive and Westpark Drive, McLean, Virginia
- Number of Condo Units: 140
The Meridian Group and Kettler broke ground last summer on The Boro, a 3.5M SF mixed-use development in Tysons. The project includes a 140-unit condo building, Verse, which is expected to deliver in 2019. The building will have a range of unit sizes from one bedrooms to three bedrooms with a den. The Boro will also include a flagship 70K SF Whole Foods, the largest in the region, and a 15-screen Showplace Icon movie theater.
4. The Bower
- Developer: PN Hoffman
- Address: Fourth Street & Tingey Street SE
- Number of Condo Units: 138
The first for-sale multifamily project at Forest City's 49-acre The Yards development, PN Hoffman is building a 138-unit condo building called The Bower. The condo building will be adjacent to the 191-unit Parcel O2 apartments Forest City is building, and across the street from Bluejacket Brewery. The project will include 13K SF of ground-floor retail. Sales are expected to begin this year and the building will deliver in fall 2018.
5. The Signet
- Developer: JBG Smith
- Address: 6870 Fleetwood Road, McLean, Va.
- Number of Condo Units: 123
JBG broke ground in May 2016 on this 123-unit condo building in McLean. The Signet will include a variety of unit sizes, from one-bedrooms with a den starting in the $800K range to three-bedrooms with a den starting at $1.8M. McWilliams Ballard is handling the sales for the project, which will deliver in 2018.
6. Chapman Stables
- Developer: Four Points LLC
- Address: 57 N St. NW
- Number of Condo Units: 114
The historic building in Truxton Circle that once housed horses is being transformed into a 114-unit condo project. Four Points LLC broke ground in November on Chapman Stables at 57 N St. NW, three blocks from the NoMa Metro station. Thirty-six of the condos will be contained in the stable building, while the remaining 78 units will be in a new, adjacent, five-story building. The condos will range from 540 SF to 1,100 SF and will be priced from $300K to more than $1M. The project will include 1,200 SF of retail and is expected to deliver in spring 2018.
7. Vio At The Wharf
- Developer: Hoffman-Madison Waterfront
- Address: 725 Water St. SW (The Wharf)
- Number of Condo Units: 112
The Wharf's 112-unit luxury condo building is selling up quickly. PN Hoffman CEO Monty Hoffman said in May the building was 70% pre-sold and he expects it to reach 90% in time for its opening, well ahead of the 60% he projected. The first move-ins are scheduled for September. The water-facing units are selling at top-of-market prices between $1,300 and $1,400 per SF, and a three-bedroom unit has sold for close to $4M. The other condo building in Phase 1 of The Wharf, the 97-unit 525 Water, delivered late 2016 and had just 12 units left on the market in May.
8. 930 Rose
The fast-approaching Phase 2 delivery of Pike & Rose will include 104 condo units at 930 Rose. The for-sale units will be on floors 11 through 20 of the building, sitting above a 177-room Canopy by Hilton hotel. Phase 2 will also include The Henri, a 272-unit rental apartment building, and 216K SF of retail, including experiential restaurant concept Pinstripes and a Porsche dealership. The first residents are expected to move into the condo building in early 2018.
9. 2000 Clarendon Blvd.
- Developer: Bush Cos.
- Address: 2000 Clarendon Blvd., Arlington, Va.
- Number of Condo Units: 90
A 14-story condo tower will soon replace the 55-year-old building, Bush Construction's former office, on this half-acre site in Arlington's Courthouse neighborhood. The County Board approved the project on June 18, 2016. It will include 86 market-rate units, four affordable units and 1,900 SF of ground-floor retail. The developer applied for building permits in March, but has not announced a timeline for construction.
10. Trafalgar Flats
- Developer: Pillars Development Group
- Address: 4707 Columbia Pike, Arlington, Va.
- Number of Condo Units: 78
The 78-unit Trafalgar Flats condo project on Columbia Pike is expected to deliver in spring 2018. Arlington County approved the project, a four-story mixed-use building, in December 2014. The building will have studios, one-bedroom and two-bedroom units, and it will include 8K SF of ground-floor retail.
- Developer: Eastbanc
- Address: 1111 24th St. NW
- Number of Condo Units: 71
People were lining up around the block when sales began in November for the Westlight condo building. Eastbanc's 71-unit project, designed by architect Enrique Norten, stands out in its West End neighborhood with a cantilevered glass façade. The units are selling quickly at about $1,200 per SF. The first residents are expected to move in this fall. The building also has a 93-unit rental component, which will have a separate lobby and entrance than the condos.