1125 Virginia Drive

Jefferson Apartment Group, CP Capital Buy Land for 310-Unit Project in Philadelphia Suburb

by Kari Lloyd

FORT WASHINGTON, PA. — A partnership between Jefferson Apartment Group, a developer based in Northern Virginia, and New York City-based CP Capital has purchased land for a 310-unit multifamily project in Fort Washington, a northern suburb of Philadelphia. The 14-acre site at 1125 Virginia Drive, which was formerly an office building , will house five mid-rise buildings.

Amenities will include a pool, outdoor grilling and dining stations, a dog park, clubroom with a bar, game room, fitness center, movie theater, coworking lounge and a movie theater. Construction is slated to begin in February and the project is scheduled to complete in late 2024.

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