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Penzance 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.

Check out new renderings of Penzance’s western Rosslyn development

penzancesite2019-08-13T20:24:05+00:00October 9th, 2018|Katie Arcieri|Washington Business Journal|

We have new details about Penzance Cos.’ first-ever ground-up multifamily residential project as the D.C. company prepares to break ground on its 1.2 million-square-foot mixed-use development in western Rosslyn.

John Kusturiss, vice president of development for Penzance, told me the company is naming the project at 1555 Wilson Blvd. The Highlands for its elevated geographical location adjacent to Rosslyn Highlands Park.

Mack Real Estate Provides $380M Construction Loan for Virginia Mixed-Use Project

penzancesite2019-08-14T21:01:56+00:00September 5th, 2018|Cathy Cunningham|Commercial Observer|

Washington, D.C.-based developer Penzance has landed a $379.5 million construction loan from Mack Real Estate Credit Strategies for West Rosslyn—its 1.2-million-square-foot mixed-use development in Rosslyn, Va., Commercial Observer has learned.

Penzance Gets Financing, Begins Work On 900-Unit West Rosslyn Development

PZRE2019-11-26T00:49:57+00:00August 30th, 2018|Jon Banister|Bisnow|

A new development is moving forward that will add nearly 900 multifamily units to western Rosslyn.

Penzance has secured a $290M loan and begun site work on its 1555 Wilson Blvd. project that will include apartments, condos, retail and a new fire station, the Washington Business Journal reports.

The developer received Arlington County approval for the project in February 2017.

How Penzance’s West Rosslyn Development Will Transform A Key Section Of The R-B Corridor

PZRE2019-11-26T00:49:57+00:00December 5th, 2017|Jon Banister|Bisnow|

In the next six months, Penzance will break ground on a development that will bring three 240-foot-plus towers, 900 residential units and other amenities to western Rosslyn, part of a plan that will have a dramatic impact on the neighborhood’s transformation.

The developer received county approval in February to move forward with the project. Penzance is currently building a temporary fire station for Arlington County to move it from the development site.