D.C. developer Renaissance Centro’s 20-story Monarch condominium tower in the newly-developed Arbor Row in Tysons, Virginia, has resumed construction after a hiatus during 2020, and it is already 30% presold.
Purchase contracts for three of the 94 units have topped $3.5 million, setting a record for the Tysons residential market.
The $140 million building, at 7887 Jones Branch Drive, near the Tysons Ritz-Carlton, is expected to be completed in mid-2023.
Condos at the Monarch range from 880 to almost 4,100 square feet, and are priced from $600,000 to $4.1 million. The building will have two to seven residences per floor, some with direct elevator access, and most with floor-to-ceiling windows and balconies or terraces.