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Transactions - JULY 29, 2021

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LMC closes on land for Northern Virginia development

by Released

LMC, a wholly owned subsidiary of Lennar Corp., announced the land closing for Paxton, a luxury mixed-use community in Tysons, a Northern Virginia suburb of Washington, D.C.

The high-rise community will feature 447 apartment homes and offer 14,713 square feet of retail space. First move-ins at Paxton are projected for early 2024.

"Tysons possesses a unique, diverse mix of urban, walkable spaces, with public parks and nature preserves. Paxton will provide well-appointed apartment homes in Tysons close to a variety of dining, entertainment, and transit options," said Stuart Cain, vice president of development of LMC's DC Metro Office. "Paxton will offer a broad range of apartment types, with spacious floor plans and ample, modern indoor and outdoor amenities and workspaces in a growing urban community."

Situated at 1750 Chain Bridge Road, Paxton is located in Scotts Run, a one-of-a-kind experiential neighborhood now taking shape in Tysons. When fully built out, Sc

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