Halstead Arlington
Arlington, Virginia
The DSF Group is in the process of developing this mixed use development that will include 269 luxury rental units, 455 parking spaces, and 35,000 square feet of ground floor retail space.
Investment Opportunity
The project is located in one of the most sought after multi-family residential markets in the country. Along Arlington’s main thoroughfare, the property is across the Potomac River from Washington D.C., within one mile of Ronald Reagan National Airport, the Pentagon, and Crystal City; and within easy access of the major business, shopping and cultural centers of Northern Virginia. Rental vacancy rates for Class A high rise rental apartment projects are less than 2% and net effective rental growth exceeds 7-8% per annum.
Value Added Strategy
The DSF Group will offer the first Class A high rise rental building in the heart of Northern Virginia since the market shifted from condominium to rental apartments. And because of DSF’s track record and extensive experience the project received zoning approvals that allow for greater height and increased density under Arlington’s County’s Form Based Code that can no longer be replicated. This regulatory benefit provides a major cost advantage over competitive properties.