X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, VA-The second phase of Warwick House, a 533-unit, luxury high-rise in Crystal City has topped out at 17 stories. The development is expected to be complete and occupied by June 2002. Phase one, with 18 stories, was completed in May 2000. The project is being developed, leased and managed by LCOR Inc. The property owner is Northwestern Mutual.

In a statement, LCOR said that Northern Virginia is a leader in the nation’s multifamily market with low vacancy rates and rent growth of 12.2% in 2002, according to Delta Associates, a local real estate research firm. LCOR, with one of its six offices here in Bethesda, MD, has $11 billion of developments either completed, under construction or in development. Other local projects include the $600 million U.S. Patent and Trademark Office campus in Alexandria, VA, and the $500 million White Flint Metrorail mixed-use development in North Bethesda, MD.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.