The Ponds at Lafayette
- ADDRESS:4229 Lafayette Center Drive Chantilly, VA 20151
- MARKET:Washington, DC
- YEAR BUILT:2006
- RENTABLE AREA:65,669 Square Feet
- AVG. FLOOR PLATE:76,965 Square Feet
- PARKING:4/1,000 Square Feet Parking Ratio
The Ponds site was purchased in 2005 and conceived as a two phase condominium office project.
Phase I (consisting of 80,000 square feet) was constructed on-budget and on-time. It was fully sold to users within six month of completion. Project IRR was 52%.
Anticipating the Chantilly condo market to soften, Moore sold the Phase II land and plans for a 100% profit. History confirmed the Phase II disposition decision.