A new housing option has opened up in Tysons — at least for those who can spare $1.7 million.
Developer Renaissance Centro recently celebrated the grand opening of Monarch, a 20-story, 94-unit condominium high-rise in the Arbor Row neighborhood.
“The opening of Monarch brings a human dimension, new technology and open spaces which enriches Tysons,” Providence District Supervisor Dalia Palchik, who participated in a ribbon-cutting at the ceremony, said. “I am simply delighted and excited for the community, and for my district.”
Located at 7887 Jones Branch Drive, Monarch’s condos range in size from 880 to 4,100 square feet and have sold for up to $4.1 million. There are 18 units still available after the developer touted strong pre-sales at record-high prices for Tysons.
Prices for the remaining five model types average around $1.7 million, according to Renaissance Centro President David Mayhood.
Designed by WDG Architecture and built by Hoar Construction, the 202,200-square-foot building has 6,000 square feet of ground-floor retail space. Resident amenities include 24-hour concierge service, a fitness center, a garden terrace with a swimming pool, co-working space, a pet wash station, and a private dining room.
The grand opening included open house tours of the development’s “grand spaces,” according to a press release shared by Renaissance Centro yesterday (Thursday).
The opening came slightly later than anticipated after a four-year-long construction process. When it broke ground, Monarch was expected to open in late 2020, but a change in building contractors stalled work for months.
Approved by the Fairfax County Board of Supervisors back in 2012, the Arbor Row master plan calls for eight new buildings totaling 2.6 million square feet on 19.4 acres in office-heavy central Tysons. Other completed pieces of the development include The Nouvelle apartments and Arbor Row Stream Valley Park.
Still to come is a pair of senior living apartment buildings dubbed The Mather that topped off in January and is expected to open next year. In addition, Arbor Row developer Cityline Partners submitted a pitch to the county last fall to replace an approved office building with another residential high-rise.
That application is still under county review with no scheduled public hearings yet.
“This community is still emerging,” Renaissance Centro president and founder Albert Small Jr. said. “Really, we’re building a new town, adding a lot of rooftops. You will soon see walkers, joggers, cyclists and maybe even strollers energizing this corner of Tysons.”