RESIDENTIAL INVESTMENT MANAGER RESMARK IS PARTNERING WITH MADISON HOMES TO DEVELOP TRENTON SQUARE IN ARLINGTON
Single-Family Townhomes Are 2 Miles from Amazon HQ2 & Close to Metro
The Resmark Companies, a Los Angeles-based private equity real estate investment firm, is partnering with Tysons-based Madison Homes to develop Trenton Square, an upscale enclave of 19 single-family townhomes at 19 North Trenton Street in Arlington, VA. The project is fully entitled with construction on the first homes expected to start in spring of 2020.
“Positive economic and demographic trends in the greater D.C. region continue to drive demand for new for-sale housing in Northern Virginia,” said Resmark’s Stephen O’Neil, Vice President, Investments. “Trenton Square enjoys an exceptional infill location in Arlington and provides easy access to employers in the District and Tysons, and to future Amazon offices in National Landing,” he added. O’Neil also noted that future homeowners at Trenton Square will be a mile from the Ballston Metro and diverse shopping, dining and entertainment options at Ballston Quarter.
Andrew Rosenberger, Vice President of Madison Homes, stated that Trenton Square is anticipated to be one of the only townhome communities to be actively selling in Arlington County during 2020. “There is strong pent-up demand for new home communities in this coveted area. The Ballston submarket, along with other Rosslyn-Ballston Corridor submarkets, have experienced considerable economic growth in the last decade, yet the housing supply hasn’t kept pace. We’re thrilled to have Resmark as our partner on this project.”
Designed in a traditional style, the four-level townhomes at Trenton Square will sit on a tree-lined street, just over three miles from Washington, DC. The homes will have three bedrooms and 3.5 baths in just over 2,000 square feet. Each will have a two-car garage and a walk-out terrace on the fourth floor. The first nine townhomes will be completed by late 2020, when the remaining 10 homes will begin construction. Completion is anticipated in summer 2021.
“We can’t think of a better partner on this project than Madison Homes. Resmark and Madison partnered in 2014 on the successful Rosslyn Key townhome community. Like Trenton Square, it was specifically designed for residents seeking the benefits of an urban lifestyle in Northern Virginia,” O’Neil observed. “We’re also enjoying a fruitful partnership on the historic row condominium at 1745 N St. and the companion modern building on the same site.”