Industries Commercial Real Estate

Northwood Ravin to build its first project in Northern Virginia

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Northwood Ravin, a Charlotte, N.C.-based real estate development company, is moving into the Washington, D.C., area with its first apartment project in Fairfax County.

The company announced that it would begin construction soon on its first multifamily building, along with 10,000 square feet of retail space, at the Preserve at Westfields in Chantilly.  Located at the entrance to Westfields Corporate Center and near the area's newest Wegmans, the Preserve will offer 312 luxury apartment homes consisting of studio, one-, two-, and three-bedroom floor plans.

The development, which also includes 155 townhomes being built by Elm Street, will include community spaces, such as an amphitheater, pavilion and nature trail surrounding a central lake.

"The Preserve at Westfields was the perfect opportunity for us to enter into the D.C. metro area,” Michael Gribble, vice president of Northwood Ravin, said in a statement. “With a large employment base, Westfields was already an active place during business hours.  The addition of the apartments, townhomes, the nearby Wegmans and our retail will help Westfields become an even more vibrant place in the evenings and on weekends too.”

The community will include a resident fitness room and gym. Northwood also plans a first-floor lounge with game room, a resident café and co-working space and a top -floor lounge overlooking am adjacent wooded area and creek.

Northwood Ravin is a joint venture between Northwood Investors and Ravin Partners LLC. The private apartment development, construction and property management firm serves the mid-Atlantic and Southeastern United States and says it has constructed more than 46 luxury apartment communities with a capitalization of over $2 billion.

Besides Charlotte, Northwood Ravin has offices in Raleigh, N.C., and Tampa, Fla.

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