➤ Key Highlights
Quadrangle Development Corp. announced it is working to develop the site of the former Key Bridge Marriott on behalf of the prior developer's lender.
The site is called Potomac Overlook.
The site is slated for 1,775 residential units across five buildings, a 200-room hotel and connecting green spaces, including an extension of the public Gateway Park next door.
Quadrangle said it filed a zoning application for the project with Arlington County in late December.
Early in 2018, Woodridge Capital Partners and Oaktree Capital Management purchased the property to redevelop it into a 450-unit mixed-use project.
The developers received approval for the development in 2020, and the Marriott shut down in 2021.
The lender is Claros Mortgage Trust, an affiliate of Mack Real Estate Credit Strategies.
Quadrangle Development Corp. is advancing plans to redevelop the site of the former Key Bridge Marriott into a large-scale mixed-use project. The proposal includes 1,775 residential units, a 200-room hotel, and expanded green spaces. A zoning application for the project was filed with Arlington County in late December.
Through the lens of supply-side impact, this event highlights a substantial addition to the construction pipeline that will alter the built environment. Large-scale developments such as this introduce new residential and hospitality capacity, reshaping the urban landscape and potentially influencing patterns of growth. The integration of public green spaces with new buildings can redefine public and private uses of land. These kinds of projects are pivotal in signaling the direction of urban transformation through increased supply and infrastructure.
⚠️ Why it matters
For CRE360’s audience, the supply-side increase represented by this project means new opportunities and challenges in planning, underwriting, and construction. The scale and mixed-use nature of the proposal may affect local competition, infrastructure demands, and regulatory considerations. Understanding shifts in pipeline activity helps stakeholders anticipate changes in demand for services, labor, and materials driven by large-scale urban development.
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➤ TAKEAWAY
The progression of the zoning application could set the stage for subsequent phases of planning, entitlement, and eventual construction. Market participants may monitor how the regulatory process unfolds and what adjustments arise in response to community or policy feedback. As the project advances, the scale and features of the pipeline are expected to remain a point of reference for broader changes in the area’s urban form.








