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 http://dc.urbanturf.com/articles/blog/insight_acquires_silver_spring_post_office_310-unit_apartment_building_comi/5114
Most Popular... This Week • Last 30 Days • Ever
The Brooks—a collection of 89 elegantly appointed condominiums at The Parks at Walt... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro