Carmel Partners


100 Unit Renovation in Washington D.C. Area

Region: Washington D.C.
Address: 5055 South Chesterfield Road, Arlington, VA 22206
Strategy: Renovation
Status: Sold
Acquisition Date: 09/27/2006
Units: 100

Ideally located for work and play, Spectrum offers upscale apartment living minutes from Old Town Alexandria and Washington D.C.

Spectrum is a stylishly renovated 100-unit high-rise apartment community, located in a desirable submarket of south Arlington, Virginia. Directly across the Potomac River from Washington D.C. and steps from Old Town Alexandria, this accessible community is just minutes away from a plethora of shopping, dining, sports, theater, and entertainment options. Major area employers include the Department of Defense (DoD), Northrup Grumman, Virginia Hospital Center, HP Enterprise Services, and Booz Allen Hamilton. Residents enjoy easy access to area transportation including two major airports, Metro Rail, Amtrak, along with key thoroughfares King Street, I-395, and the Columbia Pike. D07114_8990This seven-story community features contemporary studio, one-, and two-bedroom apartment homes with four well-designed floor plan options. Upscale interiors include spacious living areas, plush berber carpeting, gourmet kitchens with sleek stainless-steel appliances, gas ranges, maple cabinetry, and ceramic tile flooring. Select apartments boast in-unit washers and dryers, floor-to-ceiling windows, large private balconies, and panoramic views. D07114_9024 Renovated community amenities include a new fitness center, Internet lounge with workstations, sparkling outdoor swimming pool with sun deck, updated elevators, controlled-access entry, bicycle storage area, and free shuttle service to Ballston Metro Station. D08348-4356