Marymount University is buying a Ballston apartment complex adjacent to one of its other office buildings in the area, with plans to convert the space into upscale housing for its students and staff.
The university announced today (Friday) that it’s spending $95 million to acquire “The Rixey,” located at 1008 N. Glebe Road. The building opened in October 2017, with a total of 267 apartments in the 15-floor structure.
The Rixey is located right next to the university’s Ballston Center at 1000 N. Glebe Road, which is home to several of Marymount’s undergraduate and graduate programs (in addition to a cafeteria and a Starbucks). By buying up the apartment building, the university hopes to provide “apartment-style city living” for undergrad students in addition to its on-campus residence halls, and also offer “significant housing options to Marymount University’s veterans, families, graduate and international students,” according to a news release.
“This new acquisition further cements Marymount as an anchor of the Arlington community,” Marymount staff wrote. “This multimillion-dollar facility provides walking-distance access to Marymount graduate programs at Ballston Center, shuttles to Marymount campuses and Metro access, making the building an accessible living-learning community.”
Amenities at the building also include “an expansive fitness center with Peloton bikes and a yoga room, a bike repair station, a rooftop clubroom with views of D.C. and a lounge with cabanas and TVs,” the release said.
A spokeswoman for the university did not immediately respond to a request for comment on whether anyone is currently renting an apartment in the building, or what might become of current renters following this acquisition.
The university added in the release that it managed the acquisition with a combination of state funds and private financing.
Marymount also maintains space at 4040 Fairfax Drive in Ballston, in addition to its main campus at 2807 N. Glebe Road.