Lake Pointe — announced in 2023 — has risen into the market as The Kincaid at Caton Hill, a 355-unit market-rate apartment community in Woodbridge, Virginia. The development was originally announced by The NRP Group in partnership with investment firm Angelo Gordon; the project sits on a roughly 15-acre parcel in Prince William County and was financed in part with a construction loan from Santander Bank.
A modern rental community built for today’s lifestyles
At announcement, the developer said the community’s design responds to post-pandemic housing needs — larger unit footprints, floorplans with dens and work-from-home accommodations, and robust on-site amenities. Those amenities (listed by the developer and by subsequent leasing materials) include a state-of-the-art fitness center, resort-style pool and sundeck, parking garages/secure parking options, co-working/business spaces, and a dog park/spa
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In Prince William County, Lake Pointe is just 20 miles south of Washington, D.C. The property is close to the I-95 Prince William County Parkway exit, which receives close to 160,000 people each day. Further, they will also be close to Potomac Mills, which offers a wide variety of dining and shopping opportunities. Within walking distance is a brand-new, cutting-edge Kaiser Permanente medical centre hub. It provides a variety of health services, including same-day appointments. Additionally, a commuter parking lot with 2,300 spaces that have undergone comparable renovations is right next to the site. With this development, NRP and Angelo Gordon have collaborated twice. Furthermore, Santander Bank has funded the project with a construction loan.
Timeline and construction status
NRP and Angelo Gordon broke ground in mid-2023; the project was expected to begin delivering units in 2025. Public leasing channels and the developer’s communities page now list the property as lease-up and show available units and virtual tours, indicating that move-ins have started as the buildings were completed in 2025.
The NRP Group has begun construction on Eastfield Village, a 348-unit community, Lifestyle-Focused Community in Selma, North Carolina.
NRP Group Lake Pointe project completion date
The first units in the development are anticipated to be delivered in 2025. With larger units, floorplans with dens, work-from-home facilities, and on-site private telecommuting places. Furthermore, Lake Pointe’s amenities and floorplans will satisfy post-pandemic tendencies. A modern fitness centre, a sumptuous pool, parking garages, a dog park, and a spa are among the additional features.
In 2023, at the groundbreaking, Josh Wooldridge, senior vice president of development for The NRP Group, expressed his excitement about starting construction on Lake Pointe and collaborating with Angelo Gordon and Santander Bank. “This project demonstrates our dedication to providing best-in-class multifamily housing that satisfies tenants’ changing demands. Additionally, for people looking for accessible, comfortable, and fashionable living options in the greater Washington, D.C. area, Lake Pointe is poised to become a sought-after residence thanks to its excellent location and contemporary facilities.”
