Northwood Ravin Starts Construction on Their First Northern Virginia Project
CHANTILLY, Va., Dec. 15, 2017 /PRNewswire/ -- Northwood Ravin LLC (Northwood Ravin), one of the premier multifamily development companies in the Southeast, is moving into the Washington, DC metro area with its first project in Fairfax County. The team will soon begin construction on the first multifamily building along with 10,000 square feet of retail at the Preserve at Westfields in Chantilly. Located at the entrance to Westfields Corporate Center and near the area's newest Wegmans, the Preserve at Westfields will feature 312 luxury apartment homes consisting of studio, one-, two-, and three-bedroom floor plans in addition to the retail outparcels. The development, which also includes 155 for sale townhomes being built by Elm Street, will showcase a number of community spaces, including an amphitheater, pavilion, and a nature trail that surround a central lake.
Michael Gribble, Vice President of Northwood Ravin, believes this project will transform Westfields into a true live, work and play environment. "The Preserve at Westfields was the perfect opportunity for us to enter into the DC metro area. With a large employment base, Westfields was already an active place during business hours. The addition of the apartments, townhomes, the nearby Wegmans and our retail will help Westfields become an even more vibrant place in the evenings and on weekends too. Each of our projects is uniquely designed for their specific locations, and we are excited to bring the Northwood Ravin brand of multifamily development to Northern Virginia."
The Preserve at Westfields Apartments and Retail
The new luxury apartments will be designed for NGBS certification and will feature the best in Northwood Ravin's recent designs and finishes offered in studio, one-, two-, and three-bedroom floor plans. Apartment residents will enjoy great views and an abundance of natural light in their homes with oversized windows and French doors leading to spacious balconies. The apartment interiors will include 10' ceilings, upgraded tile and plank flooring, spa-inspired bathrooms, and gourmet kitchens with granite counters, tiled backsplashes, premium appliance packages and double upper cabinets. The first apartment homes are anticipated to be ready for occupancy in mid-2019.
The community will include a resident fitness room and CrossFit-inspired gym, complimented by a private fitness studio and men's and women's saunas and steam rooms. The Preserve apartment amenities will also feature a large first floor lounge with game room, a resident café and co-working space, and a top floor sky lounge overlooking adjacent wooded area and creek. The outdoor amenities will include a resort-style pool with sun shelf, an outdoor kitchen and patio and a central social lawn with hammock garden. The community will also benefit from 10,000 square feet of retail shop space split evenly between two outparcel buildings. Northwood Ravin will seek LEED certification for the retail.
About Northwood Ravin LLC
Northwood Ravin, a joint venture between Northwood Investors and Ravin Partners LLC, is a privately held luxury apartment development, construction and property management firm serving the Mid-Atlantic and Southeastern United States. The Northwood Ravin team has developed, managed and constructed over 46 luxury apartment communities with a gross capitalization of over $2 billion. Northwood Ravin is based in Charlotte, North Carolina with additional offices in Raleigh, North Carolina and Tampa, Florida. For further information on Northwood Ravin, please visit www.nwrliving.com.
About Northwood Investors
Northwood Investors is a privately-held real estate investment and management firm which has invested in over $13 billion of gross assets across the U.S. and Europe to date. Northwood employs a fundamental, value-driven investment strategy with a longer-term outlook. Northwood currently owns and manages a diverse portfolio of real estate assets including hospitality, office, retail, residential and industrial properties. For further information on Northwood, visit www.northwoodinvestors.com.
MEDIA CONTACT:
Kate Irving
Northwood Ravin
704-526-4632
[email protected]
SOURCE Northwood Ravin
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