PRINCE WILLIAM COUNTY LEADERS CELEBRATE COMPLETION OF VIRIDIUM BY IDI AND PTM
123 Belmont Drive SW • Leesburg, Virginia 20175
January 25, 2023
FOR IMMEDIATE RELEASE/PHOTO AND CAPTION ACCOMPANYING
CONTACTS: Laura K. Nickle 571-294-8536 Cameron Carey 703-507-0883
Property Adds 318 New Luxury Apartments Steps from the Occoquan River in Woodbridge
Pictured: Viridium’s club room (left) and lobby. Photo by CS3 Photography.
Woodbridge, VA – Local leaders and new residents joined the development team of PTM Partners (PTM) and The IDI Group Companies (IDI) on January 25 to celebrate the completion of Viridium, a new 318-unit luxury apartment building with unrivaled amenities on the Occoquan River in Woodbridge, Va. The building completes a development vision IDI began implementing more than 15 years ago with the construction of Viridium’s sister building, Rivergate North, which features 402 apartments and was completed and leased in 2018. Also joining developers to mark the occasion were Prince William Board of County Supervisors Chair Ann Wheeler, along with Supervisors Margaret Franklin, Jeanine Lawson and Yesli Vega; and Bob Sweeney, president of the Prince William County Chamber of Commerce.
“We are proud that our development vision has resulted in a lovely, state-of-the-art community to live in for hundreds of people,” said Scott Meyer, chief financial officer at PTM. “It’s really rewarding to not only see this community through, but also to see what a wonderful lifestyle it is bringing to our tenants,” added IDI Managing Director Carlos Cecchi. “The community response to what we’ve created here has been outstanding, and we’re looking forward to being substantially occupied over the course of this year.”
Designed by Heffner Architects of Alexandria, VA and built by John Moriarty & Associates of Arlington, VA, the community features striking architecture designed to complement its sister building, as well as luxury finishes and outstanding resort-style amenities, including:
Viridium Luxury Apartments Completed in Woodbridge
- Rooftop terrace with wooded views
- Resort-inspired outdoor pool with sun deck
- Health and fitness center
- Club lounge
- Co-working business lounge
- Conference room
- Gaming lounge
- Pet-grooming facility and dog park
- Putting green and corn hole
- EV charging stations
- A dedicated mobile application that functions as an electronic key allows residents to request and reserve services and amenities, interact with their neighbors and take advantage of community social events and exclusive deals with neighboring businesses
Adjacent to the Occoquan River, Viridium is close to shopping centers, Potomac Mills and Stonebridge at Potomac Center, as well as being easily accessible via major commuter routes I-95, Route 1 and the Woodbridge Virginia Railway Express train station. Rents range from $1,800 per month for a junior one-bedroom to $4,300 for a large three-bedroom with a river view. Leasing and property management are being spearheaded by Bell Partners. More can be found at https://viridiumapts.com/
Additional project funders include United Bank, who provided $63.8million in construction financing, and EB5 Capital. EB5 Capital funded $15 million in the project as a preferred equity investment, with approximately 30 EB-5 foreign investors from various backgrounds invested in the project, which is on track to create nearly 700 jobs.
ABOUT PTM PARTNERS – PTM Partners (“PTM”) is an ESG-focused real estate investment and development firm based in South Florida. With more than $2 billion in developments, PTM seeks community-oriented development opportunities that create substantial value for its residents, partners, and investors. With an eye towards long-term value creation for all stakeholders, PTM focuses on making investment decisions that balance reputation, long-term profitability, and social impact. For more information, visit www.ptmpartners.com.
ABOUT THE IDI GROUP COMPANIES – Since 1975, IDI has been at the forefront of developing lifestyle communities in the Washington DC metropolitan area, with a portfolio that includes more than 14,000 multifamily homes in 28 different communities. Recently completed projects include Watermark, a luxury boutique condominium in Alexandria; The Enclave, a two-building condominium in the City of Fairfax; and The Flats at Boulevard VI, a condominium that is part of a mixed-use property in the heart of Fairfax. Also underway is the redevelopment of Huntington Club into a transit-oriented mixed-use development next to Huntington Metro in Alexandria, as well as Riverside Station, a 19-acre town center project in North Woodbridge. IDI and its communities have earned dozens of industry awards for design, construction, management, communications and customer satisfaction, including J.D. Power & Associates’ highest customer satisfaction award. More at idigroup.com
Viridium Luxury Apartments Completed in Woodbridge
Woodbridge, VA – Cutting the ribbon at Viridium Apartments in Woodbridge, (from left to right) were: Carlos Cecchi of The IDI Group, Elvis Cruse of PTM Partners, Prince William County Supervisor Yesli Vega, Prince William Board of County Supervisors Chair Ann Wheeler, Prince William Chamber
of Commerce President Robert Sweeney, Scott Meyer of PTM Partners, Prince William Supervisor Jeanine Lawson and Enrico Cecchi of The IDI Group. Photo by Max Taylor Photography.