Opportunity Zone Site in Prince William County Fetches $17M The project will provide housing options for the 50,000-plus military, civilian, contractor and Department of Defense personnel working at nearby Fort Belvoir, a rapidly growing Army base less than eight miles from the planned community, said Scott Meyer, PTM’s chief investment officer. “Like with a lot of things, COVID-19 has accelerated trends—and this area in particular was already growing—and there’s been even more of a push over the last 12 months towards suburban living, and not everyone can afford a house,” Meyer told Commercial Observer. “So, we’re looking to build this apartment community at an attainable price point for a lot of people living in the area, whether they’re commuting into Washington, D.C., once a week or five days a week. This is a very, very nice place to live that’s proximate to D.C. at a much more affordable price point.” |