Construction has recently begun on Lake Pointe, a multifamily housing development in Woodbridge, Virginia. NRP Group, a well-known manager of multifamily housing, has partnered with leading real estate investor Angelo Gordon on this project. This collaboration between the two companies is their second housing development venture and aims to transform a 15-acre parcel into a market-rate apartment community in Woodbridge.
The Lake Pointe community will be located in Prince William County, just twenty miles south of Washington D.C. This prime location offers convenient access to the Parkway exit on Interstate 95, a popular commute route for major employers in the region.
Residents of Lake Pointe will also benefit from various dining and retail options at the nearby Potomac Mills. Additionally, a new medical center, Kaiser Permanente, is within walking distance of the community. A commuter parking area with a capacity of 2,300 vehicles will be adjacent to the property, providing convenient parking for residents.
Number of Units at the Lake Pointe Community
Once completed, the Lake Pointe community will consist of 355 units spread across ten buildings. Five of these buildings will be four stories high, while the other five will be five stories high. The developers aim to provide world-class housing options that meet the needs of today’s residents. All apartments will offer stylish living design choices, catering to those seeking comfortable and convenient homes within the Greater Washington area.
Lake Pointe will offer several modern amenities suitable for its prime location. The developers have also incorporated designs that address post-pandemic trends. As a result, the apartments will have larger floor plans that include dens and work-from-home facilities. The property will feature a standard fitness center, a luxury swimming pool, a spa, and a dog park. Residents will also have access to on-site private communication facilities and a parking garage.
Santander bank provided the construction loan for the Lake Pointe community project. The developers are aiming to deliver the first set of units by 2025. The primary tenants of Lake Pointe will likely include employees from U.S Army Fort Belvoir and Marine Corps Base Quantico, given the property’s strategic location between these mission-critical facilities.
Frequently Asked Questions (FAQ)
1. Where is the Lake Pointe community located?
The Lake Pointe community is located in Woodbridge, Virginia, in Prince William County. It is approximately twenty miles south of Washington D.C.
2. How many units will there be in the Lake Pointe community?
The Lake Pointe community will consist of 355 units spread across ten buildings. There will be five four-story buildings and five five-story buildings.
3. What amenities will be available at Lake Pointe?
Lake Pointe will offer a range of amenities, including a fitness center, a swimming pool, a spa, a dog park, and on-site private communication facilities. There will also be a parking garage for residents.
4. When will the first units be available at Lake Pointe?
The developers aim to deliver the first set of units at Lake Pointe in 2025.
5. Which major employers in the region will benefit from the Lake Pointe community’s convenient location?
The Lake Pointe community’s proximity to the Parkway exit on Interstate 95 makes it a convenient commute route for employees of major employers in the region, including U.S Army Fort Belvoir and Marine Corps Base Quantico.
6. What nearby amenities are available for Lake Pointe residents?
Lake Pointe residents will have access to a variety of dining and retail options at Potomac Mills. They will also find a new medical center, Kaiser Permanente, within walking distance of the community.
7. Who are the partners involved in the Lake Pointe development project?
The Lake Pointe development project is a collaboration between NRP Group, a manager of multifamily housing, and Angelo Gordon, a leading real estate investor.
8. What is the size of the parcel being developed for the Lake Pointe community?
The Lake Pointe community is being developed on a 15-acre parcel in Woodbridge, Virginia.
9. What is the expected market rate for the apartments at Lake Pointe?
The apartments at Lake Pointe are planned to be market-rate apartments, meeting the needs of today’s residents with stylish living design options.
10. What transportation options are available near Lake Pointe?
Lake Pointe residents will have access to a commuter parking area adjacent to the property, with a capacity of 2,300 vehicles. The location also offers convenient access to the Parkway exit on Interstate 95.
Closing Statements
The development of the Lake Pointe community in Woodbridge, Virginia, is an exciting project led by NRP Group and Angelo Gordon. With its prime location in Prince William County, residents will enjoy convenient access to major employers, dining and retail options, and healthcare facilities. The community will offer a range of amenities and modern designs that cater to residents’ needs. The first units are expected to be available in 2025, attracting tenants primarily from U.S Army Fort Belvoir and Marine Corps Base Quantico. The Lake Pointe community is set to provide comfortable and convenient living options for the Greater Washington area.
