Jefferson Apartment Group (JAG) and equity partner CP Capital have purchased 14-acres in Fort Washington, PA, a suburb of Philadelphia, to build a luxury apartment complex.
The community, located at 1125 Virginia Drive, will be comprised of 310 units across three five-story mid-rise buildings. A pedestrian promenade will connect the buildings, which will be situated among eight acres of open space. The promenade will also connect directly to Fort Washington walking and biking trails and provide access to adjacent retail.
The project will have 12,000 square feet of interior amenity space including a grand clubroom with a bar, lounge and double-sided fireplace; game area with billiards, shuffleboard, and pinball; poker room; leading-edge fitness center; resident movie theater; private dining room; and co-working area with micro-offices.
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