IDI Group Cos. completes first 402-unit luxury apartment building in Prince William County
The IDI Group Cos. has completed its first 402-unit building at Rivergate, a project located on the Occoquan River in northern Prince William County.
With a development cost of $95 million, the first phase is part of what will be 720 units in two six-story buildings. IDI doesn't have a start date yet for the second building, although the company said it hopes to start work on it during the third or fourth quarter of 2019.
According to the Arlington-based company, leasing is underway on the one-, two- and three-bedroom apartments. They range in rents from $1,680 per month for one-bedroom units with at least 740 square feet to $2,685 a month for three-bedroom units with more than 1,300 square feet.
Rivergate is located next to the Occoquan Harbor Marina, which offers access to the river for kayaking, canoeing, jet skis or boat rentals.
Other amenities include two resident lounges with televisions, a pool table, bar and kitchen, a fitness center with cardio and weight-training equipment, a business center and conference room for resident use and a community pet salon.
There also are outdoor spaces including a pool and courtyard, sand volleyball court, grilling stations, firepit, outdoor bar and rooftop terrace with cabanas and bar.
“Now that the building is finished and visitors can see everything it offers for themselves, people are so excited about what their life can be like here,” Fawna Ruley of McLean-based Kettler Management, who is overseeing leasing and property management at the community, said in a statement.
The first residents began to move into Rivergate in December. The apartments include open kitchens with granite countertops and stainless steel appliances, and many offer balconies and views of the Occoquan River.
Rivergate is east of the shops and restaurants of historic Occoquan and a short drive to the regional shopping destinations of Potomac Mills and Stone Bridge at Potomac Town Center.
Heffner Architects of Alexandria designed Rivergate. John A. Moriarty & Associates of Arlington served as the general contractor. Centennial Bank and Basis Investment Group provided the construction financing.