Arlington’s The Millennium apartment building sells for $200.5M
UIP and Churchill Living bought the 300-unit property near Amazon's HQ2
An affiliate of Washington, D.C.-based The UIP Companies Inc., in partnership with New Jersey-based furnished housing company Churchill Living, purchased The Millennium apartment building in Arlington for $200.5 million on Jan. 20, Arlington property records show.
Located at 1130 S. Fair St., near Metropolitan Park — the first phase of Amazon.com Inc.’s HQ2 — the 19-story The Millenium has 290,718 square feet, of which 7,110 is retail space, and 300 apartment units. UIP plans to renovate the units’ kitchens and bathrooms and add 5,000 more square feet of retail by converting the street-level common area.
After renovations, Churchill Living will be an exclusive provider, according to a news release, occupying up to 150 units for leases of 30 days or more.
Clarion Partners LLC sold the property.