(To read more on the multifamily market, click here.)

VIENNA, VA-With the idea of decreasing traffic by taking Washington, DC area commuters out of their cars, KSI Services Inc. plans to develop eight new residential and mixed-use communities near Metro stations and bus routes. The properties will be located in the Northern Virginia and Suburban Maryland areas, and are sited to make the trip to and from the District and other major employment destinations less taxing, less time consuming and less expensive, company officials say.

Among the KSI transit-centric properties in Northern Virginia are the 369-unit Midtown Alexandria Station, a high-rise condominium development in Alexandria that will welcome its first tenants next year; Arlington’s West Village of Shirlington, which is a condominium conversion endeavor that will yield 527 new units. Other projects include the Residences of Lorton Station with its 32 townhomes atop Lorton Station Town Center in Fairfax County and Midtown Reston Town Center in Reston, which consists of two 21-story towers containing over 370 condos and lofts.

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