WPC Plans Solaire Apartment Near Tysons Metro

BETHESDA, MD—Washington Property Co. has acquired a 5.2-acre parcel of land in Tysons, VA, with plans to develop approximately 700 new rental apartments under its Solaire brand. John Sheridan of CBRE Group, represented the seller, a global private equity firm, in the transaction.

This will be WPC’s first apartment community in Northern Virginia.

WPC expects to break ground in 12 to 24 months on twin mid-rise apartment buildings, with a total of approximately 8,000 square feet of street-level retail space.

Located on the southwest corner of Westpark and West Branch Drive, the parcel is part of the 19-acre Arbor Row neighborhood stretching along Westpark Drive, with new mixed-use development replacing 1970s-era office buildings. Nouvelle’s 461 rental apartments delivered in 2016, and the Monarch luxury condominium tower is under construction for 2020 delivery. A large senior living community, The Mather, is planned for 2023 completion just across the street from WPC’s newly acquired site.

After rezoning Arbor Row in 2012, Cityline Partners contracted with Home Properties to develop the site known as Parcel A, but County-approved plans were not carried out. An affiliate of Lone Star Funds acquired Home Properties in 2015, and an existing office building on the site was razed in 2017. CBRE started marketing the site earlier this year.

“Walkable to Metro’s Silver Line and Tysons Galleria, Arbor Row will soon have more than three thousand residences and over 40,000 square feet of its own shops and restaurants,” says Daryl South, SVP of Development for WPC.

The Tysons development will be WPC’s sixth Solaire-branded community. Four completed Solaire developments, totaling over 1,000 units, are in Silver Spring, Wheaton, and Bethesda, MD. The fifth Solaire, in Silver Spring, is expected to break ground by the end of 2019. WPC has just delivered the 20-story Solaire 8250 Georgia Avenue, with 338 apartments and 15,000-square feet of retail space.