HOUSTON (Realty News Report)– Houston-based multifamily developer Hanover Co. is developing a 412-unit apartment development with ground-floor retail in Northern Virginia’s Tysons Corner submarket.
JLL worked on behalf of Hanover Co. to arrange the joint venture equity partnership with PCCP, LLC.
Located in the Washington, DC metro area the project will be situated on a 5.86-acre site at 1500 Westbranch Drive.
The six-story property will encompass a mix of 343 market-rate and 69 affordable units, which will average 889 SF, along with nearly 3,000 SF of ground-floor retail and 596 parking spaces.
Completion is expected in late 2021.
The JLL Capital Markets team representing the sponsor was led by Managing Directors Cortney Cole, Brian Crivella and Walter Coker.
The project will feature a fitness center and business/conference rooms.
Sept. 6, 2019 Realty News Report Copyright 2019
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