Houston-based developer Hines is joining forces with two Japanese real estate groups — Sumitomo Forestry and Chuo-Nittochi Group — to add a 365-unit apartment project to the Potomac Shores master-planned community south of Washington, D.C., in Dumfries, Virginia.
The partnership recently closed on the development site, located one block from a future Virginia Railway Express train station, and expects to start construction in late July. The as-yet-unnamed project is set to be completed in 2027.
The five-story wood-frame building will include a mix of studio and one-, two- and three-bedroom units, along with 31,000 square feet of indoor and outdoor community spaces. Amenities will include a coworking lounge, a children’s play area, a pool and cabanas, a fitness center, a rooftop lounge and outdoor recreation areas. Bethesda, Maryland-based Coakley & Williams Construction is the project’s general contractor.
The 2,000-acre Potomac Shores community, developed by New York City-based Biddle Real Estate Ventures, is located along 2 miles of the Potomac River shoreline. The upcoming multifamily project will be the only one of its kind in Potomac Shores, joining single-family home developments by Ryan Homes and Stanley Martin Homes, both based in Reston, Virginia, and Fort Mitchell, Kentucky-based Drees Homes, according to the property website.
“This water- and transit-oriented multifamily development is uniquely positioned as the only rental community within an already established mixed-use master-planned community,” said Andrew McGeorge, senior managing director at Hines, in the release. “With minimal multifamily construction expected in 2025, the market has a heightened demand for high-quality, newly constructed apartment homes like this one.”
The Hines project will be located near the Potomac Shores town center, which includes over 3.7 million square feet of commercial and retail space. The property also encompasses 850 acres of open space, a trail network in progress, a newly renovated golf course and elementary, middle and high schools.
The Potomac Shores rail station is expected to be completed in late 2026, providing access to Washington, D.C.; Quantico, Virginia; and Arlington, Virginia.
