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Latest NewsPenzance Wins Approval for Big Three- Tower Multifamily Project in NoVA
The Arlington County Board unanimously approved Penzance’s plans for One Rosslyn, a three-tower, 970,000-square-foot multifamily development in Arlington, Va.’s Rosslyn neighborhood. The project, designed by Studios Architecture and Hickok Cole, and co-developed by The Baupost Group, will feature 845 apartments and condo units, copious green space and 14,000 square feet of retail.
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John Kusturiss of DC’s Penzance Takes CO to The Highlands
Washington, D.C.-based developer Penzance is off to the races with its 1.2-million-square-foot mixed-use development in West Rosslyn, Va., now named The Highlands. In September, the firm closed a $380 million construction loan with Mack Real Estate Credit Strategies for the three-tower luxury project—located just across…
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Penzance Closes Its First Private Equity Fund With $255M Raised
Penzance, a D.C.-based developer embarking on a three-building Rosslyn mixed-use development, has just raised over a quarter of a billion dollars to invest in that project and others.
The development and management firm announced Wednesday it closed on its first real estate private equity fund in its 22-year history with $255M in total investment.
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Rosslyn development The Highlands breaks ground
Developer Penzance will officially break ground Oct. 24 on the latest big development in Rosslyn, one that will add three new residential towers to the skyline.
The development will be called The Highlands, a nod to its geographic location at the top of the hill at 1555 Wilson Blvd., near the newly redeveloped Rosslyn Highlands Park.
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New Details Emerge for West Rosslyn Redevelopment Project
Work is kicking off on a massive new development in West Rosslyn, and its developer is offering a first look at its plans to build three new residential towers, a new fire station and an improved Rosslyn Highlands Park.
The D.C. developer Penzance announced today (Monday) that it would be dubbing the project “The Highlands,” which will be located at 1555 Wilson Blvd.
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