Washington’s Top Condominium Award for 2022
Delta Associates Salutes Property as Top in Region
The luxurious Pierce condominium took home top honors from Delta Associates as the prime property in its residential class for 2022. Pierce’s popularity continues to dominate the regional condominium market, selling residences above $1,000 a square foot.
“We are thrilled to win this honor as it recognizes the prestige and prominence of Pierce as a beautiful new addition to the Virginia skyline,” said John Kusturiss, Senior Vice President of Development at Pierce Highlands, LLC. “Pierce was designed to appeal to a sophisticated clientele that values an understated but classic style of living. The continuing strength of our sales is testament to that vision.”
At the Pierce sales gallery, 71 of the 104 residences have sold at prices ranging from $1 million to more than $3 million by the Mayhood Company sales team. “This is a property that attracts prospects who understand and appreciate fine workmanship and quality finishes,” said David Mayhood, president of the Mayhood Company.
The sales success is cause for celebration by The Mayhood Company, which earned three of the Delta Associates Awards in 2022, a rare trifecta in the competitive condominium market.
John Kusturiss said upscale condominiums like Pierce are attracting downsizing empty nesters from surrounding Virginia neighborhoods as […]read more
Penzance Breaks Ground at Class-A Industrial Development, Hagerstown Crossroads at I-81
Penzance, an owner, operator and developer in the Washington, D.C. metropolitan region for more than two decades, today broke ground on their latest industrial development, a 825,000-square-foot site located at 16220 Wright Road in Williamsport, Maryland. Penzance executives were joined by community members and local business leaders as the company marked the groundbreaking milestone on its latest project that will create approximately 500 jobs in the region.read more
Arlington Firefighters Move Into New Fire Station 10 in Rosslyn
Construction on the three towers of The Highlands, which started in October 2018, is wrapping up. The fire station appears to have finished earlier than developer Penzance anticipated. A spokeswoman previously told ARLnow the station would be ready in the fall, along with a new apartment tower and condo tower.
Passersby can see a 35-foot tall sculpture of a bronze nozzle with twisting spirals of stainless steel, representing water. At night, light illuminates the stainless spirals. The art installation, a tribute to firefighters, marks the first time public art has adorned a fire station.
Baltimore artists David and Eli Hess were commissioned for the art, which […]read more
As Interest in Luxury DC Apartments Soars, Developers Are Competing to Offer the Most Extravagant Amenities Possible
This development in Rosslyn consists of three separate residence towers: two apartment buildings, Aubrey and Evo, and the condominium tower Pierce. While Aubrey and Pierce are currently open, Evo is expected to be ready for move-ins next month. One-bedrooms at Pierce are on the market in the $900,00 range, while one-bedrooms at Aubrey and Evo start around $2,300 a month.
Aubrey has many of the amenities one would expect at a luxury apartment—a rooftop pool, an exhibition kitchen, a coworking area, a high-end gym—and Pierce has a two-story fitness center. But Evo’s amenities are especially bougie. Think a 65-foot-long rooftop pool […]read more
New Rossyln Development Marks Construction Milestone
A project that is changing the skyline of Arlington has just celebrated its “topping out.”
The massive Highlands residential development in Rosslyn recently reached its full height. Construction, which has continued through the pandemic and some notable challenges, is expected to wrap up in the second half of 2021.
The Highlands, when completed, will consist of nearly 800 luxury rental apartments, just over 100 condos, 40,000 square feet or retail space, a renovated park, and a new ACFD Fire Station 10.
It’s located at 1555 Wilson Blvd, at a high point in the Rosslyn neighborhood, adjacent to H-B Woodlawn’s new building known as […]read more