Fairfax, VA and Charlotte, NC
In our 14th and 15th projects with Capital City Real Estate, (CCRE), Willowwood and Dorton are a combined joint-venture that combines two distinct residential development projects in Fairfax, VA and Charlotte, NC.
Willowwood is a seven-story, 292,000 square-foot apartment building consisting of 275 units, ancillary retail, and 600+ structured parking spaces in the City of Fairfax. With 25,000+ residents, in a six million + DC region, the city of Fairfax is proximate to eleven Fortune 500 headquarters within its county, including Capital One, General Dynamics, Hilton Capital and Northrop Grumman. Fairfax County is also home to offices of institutional companies such as IBM, Google, AT&T, and Deloitte. With a high median household income of $117K (US Census)and median property value of $589K it’s no wonder that Fairfax also sees some of higher average rental rates in the DC region. The City of Fairfax is also home to George Mason University, which hosts around 40,000 students each year, contributing to the demand for rental units in the area. Both Fairfax City and County will continue to see employer growth, evident by its established presence with renown companies, and experience a positive inflow of economic development for years to come.
Dorton is a two-part development of a ten-acre vacant property in the North Davidson district of Charlotte, NC into an amenitized 112-unit townhome complex and a 275 multifamily apartment complex. The townhome units come complete with 2-car garages and the residents will also have access to a private pool, dog parks, gym, and outdoor parks. The multifamily apartment complex will have garage parking, pool, fitness and business center. The development will appeal to renters who want to live in an inspiring urban community that provides countless dining options, lively bars and breweries, expansive assortment of retail, and a diverse selection of entertainment options.
Sponsor Partner: Capital City Real Estate