Wood Partners Breaks Ground on $50-Plus Million 183-Unit Luxury Apartment Building in Potomac Yard

217,000 Square-Foot Mixed-Use Development to Provide Luxury Rentals and Retail Space in Affluent Alexandria, Virginia Neighborhood

ALEXANDRIA, VA--(Marketwired - Sep 26, 2013) - Wood Partners has begun construction on Station 650 -- a mixed-use development of 183 luxury apartments and approximately 2,500 square feet of retail space in the Potomac Yard neighborhood, which straddles southeastern Arlington County and northern Alexandria, Va. The $50+ million project, situated at the southern end of the 167-acre master-planned Potomac Yard redevelopment, is expected to be open for leasing in early 2015.

"This is an ideal location for luxury apartments," says Scott Zimmerly, director of the Mid-Atlantic region for Wood Partners. "Alexandria boasts solid economic indicators and a population that is among the most highly-educated and affluent in the nation."