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CBG Completes Transit-Oriented Community in Alexandria

360 Luxury Apartments Deliver Near Huntington Metro
January 25, 2016

ALEXANDRIA, Va.—CBG Building Company completed construction ahead of schedule today on The Parker, a 360-unit community located in proximity to the Huntington Metro Station. CBG's second project for MRP Realty, the wood-framed mid-rise fronting Huntington Avenue and Metroview Parkway features a 468-space, precast parking garage below five levels of studio, one-, and two-bedroom apartments.

CBG Completes Transit-Oriented Community in Alexandria Press Release Image

The Parker

"The Parker is a true win for the neighborhood where the luxury style and quality of housing has been in demand for years," said John Begert, principal at MRP. "CBG is an asset to both MRP and the project, continually hitting the finish line ahead of schedule with a solid, highly sustainable project immediately adjacent to the Huntington Metro station. We look forward to partnering together on future projects."

The amenity-rich community features a full fitness center with yoga studio and indoor golf simulation room, outdoor dog park with drinking fountain, indoor pet spa, two courtyards, a pool, a bocce court, and a walking trail with outdoor fitness stations.

The Parker is located less than a half mile from the Huntington Metro Station, which provides immediate access to Old Town Alexandria, downtown Washington, D.C., the Pentagon, Reagan National Airport, and the Rosslyn-Ballston Corridor via the Yellow and Blue Lines. The Parker's Huntington Avenue address also provides residents with easy access by car to the District's major roadways, the Capital Beltway, and the George Washington Parkway.

"We are proud to partner with MRP Realty again to deliver this sustainable, transit-oriented community to the Alexandria market," said Keith Anderson, president of CBG. "Successful completion of The Parker is thanks to years of collaboration and hard work."

Targeting LEED certification, The Parker consumes 13 percent less energy than conventional apartments and features a variety of environmentally friendly amenities including bicycle routes and storage, and walkways for energy-efficient transportation. CBG recycled more than 75 percent of construction waste and used recycled and regionally manufactured materials throughout construction.

CBG's first project for MRP Realty is the Alric, a 323-unit luxury apartment community also located in Alexandria.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com

About MRP Realty

Founded in 2005, MRP Realty is a real estate operating company focused on opportunistic and value-add investment in the northeastern United States, with offices in the Washington, D.C. metro area, Baltimore, Philadelphia, and New York City. MRP provides to its institutional capital partners a full array of real estate services including: acquisition/disposition, development/construction management, property management, asset management and financial reporting services. Since the company's inception, MRP has deployed $3.5 billion in total capitalization, with another $2 billion of active residential, office, mixed-use, and industrial projects underway. MRP Realty's combined development assets total more than 16 million square feet, with an additional 8 million under management. For more information, please visit www.mrprealty.com