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.
Penzance also has names for the project’s three residential products: The east apartment building, dubbed “Evo,” will include 449 units and will be physically connected to the 104-unit Pierce condominium building. The west apartment building, called Aubrey, will include 331 units.
Penzance started site work over the summer. In addition to the residential, the project will include a new park, a fire station on the ground floor and 40,000 square feet of retail, including a 9,600-square-foot CVS.
The Highlands will be built in phases and should deliver by 2021, with…Read the full story from the Washington Business Journal.