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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 The Heights. Construction started in October 2018.

More on the topping out and the project, from a press release.

Penzance, a leading owner, operator, and developer in the Washington, DC, metropolitan region, today announced the topping out of all three of the towers for The Highlands, Rosslyn’s newest mixed-use, luxury residential community.

Perched on the hilltop with panoramic views of Northern Virginia, the Potomac River, and the iconic monuments along the DC skyline, The Highlands name is inspired by its geographic location as the highest point in Rosslyn. In addition to three distinct residential towers, destination retail, the Highlands will be home to a […]

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Washington DC’s 25 Most Powerful Real Estate Players

September 17th, 2019|The Editors|Commercial Observer|

Julia Springer, Victor Tolkan, John Kusturiss

Co-Founders and Managing Partners; Senior Vice President Development, Penzance

Founded in 1996 by husband-and-wife duo Julia Springer and Victor Tolkan, Penzance has grown into one of the better-known real estate owners and operators in the D.C. area. 

In the early years, the Penzance portfolio was primarily focused on commercial office (including the Watergate), but in recent years, the company has expanded into multifamily and development as well. Starting in 2013, the company began adding multifamily assets, and now owns close to 2,000 residential units. 

In addition […]

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Rosslyn’s Fire Station 10 Will Include A 26-Foot Fire Nozzle Sculpture

September 12th, 2019|Kalina Newman|Arlington Now|

A 26-foot-tall sculpture of a fire nozzle is coming to the new location of Fire Station 10 as a tribute to Arlington firefighters.

The artwork is the result of a partnership between Arlington Public Art and Penzance, the developer behind the upcoming massive development in western Rosslyn dubbed “The Highlands.”

Set to open in 2021, The Highlands will be the future site of the new Fire Station 10. Currently, the station is temporarily located at 1791 N. Quinn Street.

“This is our first opportunity to integrate public art into a fire station, which is a recommendation in Arlington County’s Public Art Master Plan,” said Angela Adams, Director of […]

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Fresh look at condo tower coming to top of the Rosslyn hill

May 16th, 2019|Michael Neibauer|Washington Business Journal|

It was only a couple of years ago that Washington Business Journal employees were chasing cockroaches out of their Rosslyn office at 1555 Wilson Blvd. We’ve since moved. The antiquated, mid-rise office building is long demolished, and what Penzance is constructing in its place is a world away.

The D.C.-based developer this week released new images of Pierce, the 27-story condominium piece of The Highlands development coming to the top of the Rosslyn hill. The 104-unit Pierce, in addition to the 23-story, 331-unit Aubrey and 26-story, 449-unit Evo, both apartment towers, will have addresses on North Pierce […]

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Herndon just marked a milestone in the small town’s history

April 17th, 2019|Alex Koma|Washington Business Journal|

Herndon officials just approved the town’s first new mixed-use development near the future Herndon Metro station, a major step for growth along the path of the Silver Line’s expansion.

The Town Council voted unanimously last week to sign off on development plans for a 4.3-acre property at 555 Herndon Parkway. D.C. developer Penzance is looking to replace the current office building with two residential towers and one office building, all of which will include ground-floor retail.

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