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Simpson Hosts Grand Opening of Brand New Luxury Apartments in Vienna, VA
Author: Simpson Housing
Date Posted: 05/25/2010
Vienna, Virginia – May 2010. The Reserve at Tysons Corner hosted a grand opening event attended by more than 75 people including executives of; owner Simpson Housing LLLP®, WCS Construction the general contractor on the project, Freddie Mac, Fannie Mae, and CBRE. This upscale apartment home community, located in popular Tysons Corner, was purchased by Simpson in July 2008 from Beazer Homes. “We received a great deal of support and encouragement from the financial community to make this deal work. This celebration is a way for us to show our appreciation to those involved in the project and for them to see the culmination of what their efforts accomplished,” said George Chopivsky, Vice President of Development for Simpson Housing.
The community is the perfect retreat for DC and Northern Virginia commuters due to its close proximity to the planned Tysons Corner Metro and easy access to the Tysons Corner retail and business corridor. The 211 unit Phase 1 is fully leased. Construction is now complete on the 267 unit final phase, where all residents enjoy access to the hotel-style lobby, chic resident lounge with complimentary Wi-Fi, movie screening room, fitness center, indoor basketball sports court, his and hers saunas, swimming pool and sundeck, garden courtyard with intimate seating areas, controlled access entry and garage parking.
The apartments feature granite counters, Shaker-style wood cabinets, wide-planked hardwood flooring, stainless steel GE Profile appliances, imported stone ceramic tile in bathrooms, designer fixtures, crown molding, custom 2-inch plantation blinds, and high-tech wiring throughout each home.
Simpson also owns and manages Zoso Flats, a 114-unit failed condo project located in the Rosslyn-Ballston Corridor of Arlington. Simpson purchased the project in June 2009 from Ed Peete, Co. and converted it into an extremely successful rental community. Zoso Flats is located within several blocks of the Clarendon Market Commons, Whole Foods, and within walking distance of the Clarendon Metro Station. Its residents enjoy 20,000 square feet of onsite, street-level shops and restaurants; elegant resident lounge; 24-hour fitness center; and rooftop lounge with sweeping DC skyline view. The homes are extremely unique with sleek, high-end urban finishes featuring 9-foot + exposed concrete ceilings and concrete beams; slate and hardwood flooring; stainless steel appliances, granite countertops and spacious interiors. The structure of the Zoso acquisition was so unique that Simpson was recognized as having one of the thirteen most creative financing deals in 2009 by Apartment Finance Today.
Those interested in learning more about The Reserve at Tysons Corner or Zoso Flats can visit the community web sites at www.renttysons.com or www.zosoflats.com.
About Simpson Housing LLLP
Established in 1948, Simpson Housing LLLP is a national, fully-integrated real estate development and portfolio management firm. Primarily focused on the multifamily market, Simpson builds and operates high quality, residential communities throughout the United States. As one of the largest privately held residential developers and managers in the nation, it is organized to deliver a comprehensive range of real estate services—including development, property management, construction, acquisition, marketing and financing.
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