BUT IN THE LOOP
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The AKA Virginia Square extended stay hotel is undergoing a conversion into a condominium building and plans to open this fall.
The building, at 3409 Wilson Blvd, was purchased by Bethesda-based The Goldstar Group. The company has rebranded the building as Arc 3409, saying it will featuer “luxury condos.” The sale went through this spring, and by May the hotel was no longer taking reservations as it prepared to close.
Goldstar Senior Vice President Eric May said the company plans to open the building in mid-September, and to start sending out information about asking prices and individual units later this summer. May said the prices for the 85 units in the building have yet to be determined.
The renovations, May said, include replacing floors, kitchens and re-fitting the units. No structural work needed to be done, he said, because the building, built in 2008, was originally intended to be condominiums before it was sold to become, essentially, a short-term rental apartment building.
“The building itself is very different from Arlington standard,” May said. “It’s not brick box. It’s got angles, curves, glass and it’s a cool building. The units themselves are cool units, some of them have floor-to-ceiling glass and most of them have balconies. It’s more of cutting-edge D.C. design than you typically see in Arlington.”
The building is two blocks from the Virginia Square Metro station, but the location and the appeal of the unusual building were just part of the equation for Goldstar’s purchase.
“There is a huge lack of supply of new or any condos in Arlington right now,” May said. “There’s very little to no new product, so we saw an opportunity to bring to market effectively new condominiums at prices that are going to be competitive.”