Developer Renaissance Centro celebrated the building’s “topping out” on Sunday (June 26), a key turning point in construction that comes when the main structure is fully in place. The milestone puts Monarch on track to open in spring 2023, according to a press release.
“Pouring concrete makes you susceptible to weather delays and such,” Renaissance Centro Executive Vice President Ilan Scharfstein told FFXnow. “So, having gone through that now, we’re closing in the building, and we can be confident that we’re not going to be experiencing any delays.”
According to Scharfstein, the project hasn’t been affected by pandemic-related supply chain and labor issues, and in general, work has gone smoothly since restarting in March 2021 after a change in contractors.
When completed, the residential tower at 7887 Jones Branch Drive will have 86 units ranging in size from 880 to 4,100 square feet and in price from the mid-$600,000s to $4.1 million. More than half of the units have already been sold, some going for over $3.5 million, Renaissance Centro reported.
Amenities for residents will 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 on the 20th floor.
Monarch will also have about 6,000 square feet of ground-floor retail space that will be open to the public.
“We are in active discussions with a couple of groups but not quite ready to share specifics on that yet,” Scharfstein said when asked about possible tenants, adding that the retail is envisioned as “an amenity for the residents, but also for the greater Tysons area.”
Monarch is part of the Arbor Row development, which will ultimately encompass 19.4 acres on Jones Branch Drive near Tysons Galleria. Completed portions of the plan include The Nouvelle apartments and the Arbor Row Stream Valley Park.
Construction on The Mather, a pair of 300-unit senior living high-rises, moved above ground in April. The facility will consist of two apartment towers and is expected to welcome residents in 2024.
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