Monday Properties Delivers 300-Unit Multifamily in Alexandria, VA
The firm has completed construction on its class A community, The Blake.
ALEXANDRIA, VA – Real estate developer and investment firm Monday Properties has completed construction on its 300-unit, class A multifamily community, The Blake, in Alexandria, VA.
Located at 2000 N Beauregard St., the community comprises six-story and seven-story wings, as well as a seven-level garage.
The Blake offers studio, one- and two-bedroom residential homes that feature vinyl plank flooring and stainless-steel appliances. The community’s amenities include a resort-style pool, a fitness facility with a yoga studio, a pet spa, game room, a dedicated fiber line for high-speed internet, and collaboration and co-working spaces.
The community welcomed its first residents in March before the development was fully delivered.
“When we broke ground in 2020, we had a vision of creating a highly-amenitized lifestyle that blended community and connectivity, and that is exactly what is being delivered at The Blake,” states Frank Craighill, VP of development at Monday Properties. “The reactions from residents have been overwhelmingly positive, and we are excited to build on that momentum throughout lease-up.”
Situated in an Opportunity Zone Census Tract, the development is located in an office park that is owned and operated by Monday Properties. The community offers access to I-395 and it is situated within 10 minutes from the Pentagon, Amazon’s future headquarters at National Landing, Virginia Tech’s Innovation Campus, and Reagan National Airport.
“Northern Virginia is an exciting business hub for innovative tech companies, government agencies, and Fortune 500s, which in turn is creating a vibrant community of professionals who want to live and work in convenient proximity,” says Timothy Helmig, Monday Properties managing partner.
Helmig adds, “Alexandria is a first-tier market, and we have the opportunity to transform the community with housing that combines all of a tenant’s favorite amenities at a great price point. We are especially enthusiastic about the innovation that Virginia Tech and AmazonHQ2 are bringing to the untapped market.”