Penzance unveils plans for ‘One Roslyn’ – new development with three luxury residential towers to reshape Roslyn’s skyline
The proposed complex would be built in front of Gateway Park.
Penzance, a leading owner, operator and developer in the Mid-Atlantic region for more than 20 years, is proud to announce the launch of a revolutionary new project at One Roslyn in Arlington. Prominently located in the middle of Roslyn’s skyline, this monumental development spans over 900,000 square feet and is characterized by exceptional design, world-class amenities, and retail that serves the neighborhood. Construction on one of the Roslyn units could start as early as the end of 2026.
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A rendering of the One Roslyn development proposed as part of the Roslyn, Virginia skyline. (Photo: Business Wire)
The City of Penzance today submitted the project’s initial 4.1 site plan application to Arlington County, officially beginning the county’s site plan review process.
Penzance is partnering with The Beaupost Group on One Roslyn, and on this project they have previously partnered on The Highlands, a dynamic community in West Roslyn that has redefined urban life in the area. We aim to continue our track record of success in the neighborhood.
“One Rosslyn is one of the most exciting development opportunities in the entire region. Over the years, we have made significant contributions to Arlington with projects such as The Highlands and 3001 & 3003 Washington Blvd. in Clarendon, and One Rosslyn is one of the most exciting development opportunities in the entire region. We continue to invest in the region through projects such as this,” said Penzance partner John Kustoris. “Our commitment to ‘make everything better than we found it’ is the driving force behind every project we undertake. We are committed to enhancing Roslyn’s urban landscape, providing additional housing and , to enhance the walkability and amenity of the neighborhood, and One Roslyn is no exception.”
One Rosslyn features outstanding architecture by renowned design firm STUDIOS Architecture and Hickok Cole. As the final and most visible addition to Roslyn’s skyline, the proposed design aims to inject a unique sense of color, warmth and change into the surrounding cityscape.
Located at the intersection of Fort Myer Drive and Langston Boulevard, One Rosslyn promises an exceptional living experience that incorporates community-driven services focused on biophilia and other wellness. The tower is centered around a 30,000 square foot private landscaped terrace, giving residents immediate access to lush outdoor space. The elevated terrace overlooks Arlington County and adjacent Gateway Park, which is being re-envisioned by the landscape architecture firm behind New York City’s High Line.
This prime location overlooks Washington, DC and provides easy access to Georgetown, the Kennedy Center, and the National Mall. The development is ideally located near Theodore Roosevelt Island and the Key Bridge, with seamless access to three subway lines, Interstate 66, and Reagan National Airport. George Washington University, the Department of Defense, and Amazon Headquarters 2 are within a 10-minute drive. Surrounded by several Fortune 500 companies, One Rosslyn combines convenience with unparalleled access to the region’s top destinations.
One Rosslyn will contribute to the vibrancy of Rosslyn’s urban center by enriching the streetscape with pedestrian-friendly spaces and carefully selected retail. Close to nearby parks, One Roslyn will create a vibrant corridor that bridges green space, commercial hubs, and neighborhood amenities, in line with the county’s goal of a more connected and livable Roslyn.
About Penzance
Penzance is a fully integrated real estate owner, operator, developer and fund manager with a best-in-class institutional investor base. The firm has a track record of successful investments in multifamily, industrial, data center and other commercial assets throughout the Mid-Atlantic. Since 1996, Penzance has managed $3.9 billion in total asset value and currently manages $1 billion in discretionary capital through its flagship fund series. The company is an experienced and diverse company that takes an entrepreneurial and flexible approach and executes relentless risk management through core competencies including acquisition, development, asset management, leasing, real estate and construction management, capital markets and finance. We are a woman-owned company with a strong team. and fund management.
katie smith
katie@thebrandguild.com
301-385-0598
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