GID Announces The Acquisition of 282-Unit Arbors at Fair Lakes Garden-Style Community in Growing Northern Virginia Market of Fairfax

FAIRFAX, VA – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Arbors at Honest Lakes, a 282-unit, community located in Fairfax, VA, which will be rebranded as Windsor Honest Oaks.
The garden-style community has a rich assortment of lively amenities, such as a clubhouse, pool and sundeck, 24-hour fitness center, dog park, tennis court, two outdoor grilling stations, a complimentary shuttle to the Vienna Metro and a half-mile nature trail.
Conveniently located just outside of Washington, D.C., Windsor Honest Oaks provides simple access to major employers in Tyson’s Corner, Reston/Herndon, the Rosslyn-Ballston corridor, and National Landing/Pentagon City through major interstates I-395, I-95, and the Capital Beltway. With Whole Foods anchored directly across the street and four additional retail centers with 5.3MM sq ft within two miles of the community, residents are able to delight in a wide variety of entertainment, dining, fitness, and shopping options.
This acquisition enhances GID’s portfolio within the bustling DMV submarket of Honest Lakes, a masterfully plotted community with over 2.5MM+ sq ft of office/hotel space, 1MM+ sq ft of retail, and over 3,000 multifamily and condominium residences. According to Niche’s suburb rankings, Honest Lakes has an A+ rating and is ranked within the top 15% of suburbs in Virginia, helping to make a deeper sense of home for future residents.

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Quarterra Multifamily and QuadReal Reach Key Milestones at Two Marymoor Submarket Luxury Multifamily Developments in Redmond

REDMOND, WA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in joint venture with QuadReal Property Group, announced key milestones at two luxury communities in the Marymoor submarket of Redmond.
Spectra, a luxury mixed-use community at 17620 Northeast 69th Court, the first apartment community to open in the core of the emerging Marymoor Village, opened its third and final phase with delivery of the 187-home West Building.
Less than a mile away, The Piper, a 284-home luxury community directly fronting renowned Marymoor Park at 17305 NE 67th Court, reached the topping out point in its continued construction. The community is due to complete in H1 2024, with first residents welcomed shortly afterwards.
“Quarterra and QuadReal are excited to lead delivery of high-quality housing for people looking to relocate to the burgeoning Marymoor Village,” said Brad Reisinger, Regional President for Quarterra. “Between Spectra and The Piper, we are introducing more than 730 apartment homes to the neighborhood, including 74 affordable homes for low and moderate-income households. We are committed to making a sense of place in Marymoor Village that integrates fantastic housing with investment in public infrastructure, prioritizes local small business retail and showcases public art.”
Daniel Gliksman, Managing Director, Americas-East at QuadReal, added: “The multifamily sector has been, and remains one of our strongest convictions, underpinned by favorable demographic trends. We continue to look for opportunities to work alongside best-in-class developers and deliver high quality residential real estate in quick growing and desirable neighborhoods.”
Marymoor Village was rezoned in anticipation of a nearby Link Light Rail Station, which will provide unprecedented connectivity with the surrounding region. Spectra, comprising of 450 apartment homes and 37,259 square feet of retail space, offers the modern conveniences and amenities of living found in urban podiums with the openness and outdoor features provided in suburban garden communities. Onsite amenities include an outdoor pool, multiple playgrounds, fitness center, pea patches, dog run, several club rooms, a rooftop lounge, and an expansive co-working area.
The apartment homes include new concept designs while offering interior finishes that rival those in downtown towers. Additionally, residents and the public alike can delight in an extensive public art offering including multiple murals, an interactive light sculpture and bespoke art balconies.
Located at the neighborhood’s front door and directly across the street from the under-construction light rail station, Spectra offers a curated retail mix that includes BrightHorizons daycare, Stone Korean Restaurant, Sasquatch Strength and Phenix Salon Suites, with two additional retail spaces available to lease. Spectra residents also delight in direct pedestrian access to Whole Foods Market, as well as Downtown Redmond and the Redmond Town Center via the East Lake Sammamish Trail.
“Quarterra and our partners could not be more proud of how Spectra came together and its positive reception from our residents, the neighborhood, and the City of Redmond,” said Reisinger. “We wanted Spectra to play an integral role in Marymoor’s evolution, and we’re excited for the community and its residents to help shape and influence the direction of this incredible locale.”
The Piper, which directly fronts the 640-acre Marymoor Park and its sports facilities, trail system, dog park and concert venue, will similarly beckon residents to engage with their surroundings. The Piper’s amenities will virtually cascade into the park, with an emphasis on open-air experiences including an outdoor plaza and resort-style pool and spa overlooking the park.
The Piper’s 284-homes trend larger than those at Spectra and many are designed to cater towards those needing more space. The community is divided between two five-tale mid-rise buildings separated by a pedestrian art walk, highlighted by murals, sculptures and other works from eleven different artists. The community will also house an artists in residence program in a dedicated space along the art walk.
Spectra is currently open and available to lease, while The Piper will complete construction next year and welcome its first residents in mid-2024.

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Greystar Launches Leasing at 350-Unit Marlowe South Tampa Resort Inspired Apartment Community in Sought-After Neighborhood

TAMPA, FL – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Marlowe South Tampa, the latest Marlowe-branded apartment community, has begun pre-leasing.
“Marlowe South Tampa is a unique community, featuring an expansive amenity courtyard with a resort-style pool, private cabanas and relaxing outdoor lounge spaces, as well as more than 12 acres of protected ponds and wetlands surrounded by natural vegetation and inhabited by local wildlife,” Alexandra Kozak-Mehta, Director, Development, Greystar, said. “We know outdoor space is more vital than ever for our residents, which is why we designed so many outdoor amenity options and have private screened in balconies in nearly every unit. We have built a sophisticated community with high quality finishes inside and out that we know residents will like, and we can’t wait to start welcoming them home.”
Marlowe South Tampa will offer studio, one-, two- and three-bedroom floorplans as well as two- and three-bedroom townhomes. Apartment homes will feature outdoor spaces, quartz countertops, luxury vinyl tile flooring, Nest thermostats, smart locks and keyless entry as well as keyless guest access. Screened-in porches are available in some residences. Some apartment homes feature views of the nature preserve.
The community is just minutes from Bayshore Blvd., the longest continuous sidewalk in the United States, where residents can take in views of the city skyline, the water and delight in a variety of recreational activities. Hyde Park Village provides high-end specialty shops, restaurants and entertainment just a small drive away and nightlife is just minutes away in SoHo.

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