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Insight Acquires Silver Spring Post Office, 310-Unit Apartment Building Coming
Rendering of new Insight project.
Apartment developer Insight Property Group and Nova-Habitat, Inc, have acquired the Silver Spring Post Office at 8616 Second Avenue (map), and will start construction on a 310-unit apartment project on the site in the 4th quarter of 2012. Insight went under contract on the property back in May 2011, and the new project will be its first outside of Virginia.
Insight has a number of projects in the works for the area, including 67 units at the site of an apartment building at 1200 North Rolfe Street in Arlington that we reported on last week. It’s yet to be determined if these units will be condos or rentals, but the building will have amenities like a fitness center, bar, lounge and billiards room. Delivery is estimated by the end of the year.
This article originally published at https://dc.urbanturf.com/articles/blog/insight_acquires_silver_spring_post_office_310-unit_apartment_building_comi/5114.
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