“The opportunity to start with a blank slate – demo the floors down to the structural steel, rebuild, and reposition 2300 9th, located in the original main street corridor in Arlington, enables us to deliver what I believe will be in high-demand residential in the immediate and long-term future.  This is a very exciting opportunity for BoundTrain and our investors.” 

– Michael A. Klein

Type: Residential Conversion
Opportunity: Development
Location: Arlington, Virginia
Address: 2300 9th Street S,
Arlington, VA 22204
Investment Date: July 2020
Units: 71 units (projected)

Website: 23009th.com

BoundTrain intends to execute an office to residential conversion and deliver 2300 9th as a, smart, modern, boutique office alternative in a walkable, highly amenitized location in South Arlington, VA.  The 8-story building offers views from the top floors of the Washington Monument to the east and Washington National Cathedral and Rosslyn to the north. The property is located 1.5 miles from Amazon HQ2 in the newly named National Landing which is quickly becoming one of the most desirable submarkets inside the Beltway alternative to Crystal City.  

Built in 1970 (predominately original systems and finishes), the embodied carbon project (demolition down to concrete, steel and brick), includes new VRF HVAC system and delivery of 63 units in the existing tower with an additional 8 townhome style units on the property.  

The developer anticipates demand from renters looking for a renovated, healthy, larger unit building, with parking, near Amazon HQ2, Virginia Tech Innovation Campus, The Pentagon, and Reagan National Airport. 

Property features include:

  • Direct Access to Route 27 (connects I-395 and I-66) and easy drive north on Washington Boulevard towards Rosslyn-Ballston Corridor,  west on Columbia Pike towards Fairfax County, east towards DC, and south towards Alexandria, 
  • 1.5 miles from Amazon HQ2, The Pentagon, and Pentagon Metro; close proximity to Virginia Tech Innovation Center and Ronald Reagan National Airport
  • 10,000 square foot floor plate with ~75′ depth, ideal for residential conversion
  • 2.7/unit parking ratio with podium and below-grade parking
  • 88 Walk Score (90% or higher regarding dining/drinking, groceries, parks, and errands)
  • 80% Bike Score