Comstock Holding Companies, Inc. (NASDAQ: CHCI) has set a new benchmark for luxury real estate in Northern Virginia with the sale of a full-floor penthouse at JW Marriott Residences Reston Station for $10.9 million. The transaction, announced in partnership with McWilliams|Ballard, establishes the highest-priced condominium sale in Virginia history. This achievement underscores strong demand for high-end residential properties in transit-oriented developments, as the project records its second sales milestone exceeding $10 million within 2026.

The record-setting unit occupies the entire top floor of the 28-story luxury tower and was custom-designed in collaboration with the buyer. Matt Cummings, Sales Director at McWilliams|Ballard, led the transaction. The residence offers 360-degree views spanning from Tysons to the Blue Ridge Mountains. This sale follows another record-breaking transaction earlier this year, where a different residence sold for $10.25 million, surpassing the previous state record by more than $4 million.

Sales Performance and Market Context

The JW Marriott Residences have generated more than $115 million in cumulative sales since opening. The project features over 90 spacious condominium homes, ranging from one-bedroom plus den layouts to expansive three-bedroom floorplans, topped by a limited collection of penthouses. Buyers are increasingly seeking turnkey ownership experiences in urban settings backed by hospitality services synonymous with the JW Marriott brand.

Chris Masters, Partner at McWilliams|Ballard, noted that the buyer chose to create a bespoke home at Reston Station despite having options elsewhere. He cited the combination of custom design, legendary JW Marriott service, and unmatched regional access as key drivers. The sale validates Comstock’s vision for Reston Station as a world-class, mixed-use destination serving as the nexus for luxury living in Northern Virginia.

Strategic Positioning

Reston Station is a mixed-use, transit-oriented development spanning approximately 90 acres around the Wiehle-Reston East Station on Metro’s Silver Line. The development includes Trophy-Class office buildings housing global headquarters for companies such as Google, Booz Allen Hamilton, ICF International, and CARFAX. It also features two BLVD-branded luxury apartment towers and Virginia’s first JW Marriott hotel.

Chris Clemente, Chairman and CEO of Comstock, stated that breaking the Virginia sales record twice in the same year validates the company’s strategy to differentiate the residential experience through connectivity, amenities, and energy. Owners enjoy a fully serviced lifestyle including 24-hour concierge, valet service, and exclusive access to JW Marriott hotel services such as in-residence catering and housekeeping.

What the Numbers Show

The rapid escalation in record prices—from a previous mark shattered by more than $4 million to the current $10.9 million peak—indicates a widening premium for ultra-luxury inventory in the D.C. metro area. With two of the three highest condominium sales in Virginia history occurring at a single address within one year, the data suggests that scarcity of top-tier units in transit-adjacent locations is driving significant price discovery beyond broader market trends.

Comstock Holding Companies announced that Virtualitics has signed a 3,000-square-foot office lease at 1900 Reston Metro Plaza in Reston Station. The lease marks the addition of a leading provider of AI-powered decision intelligence solutions to the mixed-use, transit-oriented development. This expansion supports Virtualitics' continued growth in the Northern Virginia market and provides direct access to the region's technology and government contracting workforce.

Reston Station spans approximately 90 acres across the Dulles Toll Road and surrounds the Wiehle-Reston East Station on Metro’s Silver Line. The development features multiple Trophy-Class office buildings that serve as headquarters for industry leaders, including Google, Booz Allen Hamilton, ICF International, and CARFAX. The property also includes two BLVD-branded luxury high-rise apartment towers and Virginia’s first JW Marriott.

Reston Station Key Features

Kristy Friedrichs, Chief Operating Officer at Virtualitics, stated that Northern Virginia is a critical hub for the communities the company serves. She added that the Reston office strengthens collaboration with customers and aids in recruiting talent to scale the delivery of AI readiness capabilities.

Tim Steffan, Chief Operating Officer of Comstock, expressed pleasure in welcoming Virtualitics to Reston Station. He noted that organizations seek highly connected, amenity-rich environments that support innovation and collaboration, which continues to attract industry-leading companies to the development.