A developer plans to build 102 condos branded with the name of a luxury hotel in Tysons, a Washington, D.C., suburb in Northern Virginia undergoing a shift from mainly offices and stores to a mix of residential and commercial development.
Renaissance Centro said today in a statement that it has begun selling homes at The Ritz-Carlton Residences, where buyers will have access to amenities such as valet parking and a private dining room, features that are less commonly found in a more conventional condo building.
“In other condos, you know the amenities are going to be X, Y and Z, but the service levels may go up or down depending on the management company or the condo board,” Renaissance Centro vice president of development Ilan Scharfstein told Homes.com. “Here you have a minimum standard set by the brand.”
Prices for the condos are expected to start at $1.2 million, the developer said, with units up to 4,500 square feet. Among the amenities will be rooftop pickleball courts, coworking lounges, a pet spa, a hot and cold plunge suite and in-residence catering.
Other recent branded condo projects in the region include the JW Marriott in Reston, also in Northern Virginia, and the Four Seasons Private Residences in Georgetown. The Ritz-Carlton Hotel Co. is an affiliate of Marriott International, which will manage the amenities at the Tysons condo building.
Much of the audience for these condos is likely to be wealthy individuals downsizing from single-family homes in nearby McLean and Great Falls, Washington, D.C., proper and Montgomery County, Maryland, he said. Other interest may come from international buyers who have business in the region.