The Ponds at Lafayette

Chantilly, Virginia

The Ponds at Lafayette

Overview

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.

Property Summary

Address:
4229 Lafayette Center Drive
Chantilly, VA 20151

Market:
Washington, DC

Year built:
2006

Rentable area:
65,669 Square Feet

Stories:
1

Average floor plate:
76,965 Square Feet

Parking:
4/1000 Square Feet Parking Ratio