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Project Profiles

The Ponds at Lafayette

Chantilly, VA

PROPERTY SUMMARY

  • ADDRESS:4229 Lafayette Center Drive Chantilly, VA 20151
  • MARKET:Washington, DC
  • YEAR BUILT:2006
  • RENTABLE AREA:65,669 Square Feet
  • STORIES:1
  • 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. 

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PROPERTY SUMMARY

  • ADDRESS:4229 Lafayette Center Drive Chantilly, VA 20151
  • MARKET:Washington, DC
  • YEAR BUILT:2006
  • RENTABLE AREA:65,669 Square Feet
  • STORIES:1
  • AVG.
    FLOOR PLATE:76,965 Square Feet
  • PARKING:4/1,000 Square Feet Parking Ratio