August 31, 2017

Breaking Ground: Development Projects Happening in Alexandria

In case you missed it, Bisnow recently hosted their first Alexandria State of The Market in several years to showcase the incredible changes happening around the city. The event featured an impressive line-up of speakers and attracted an equally impressive crowd. Topics ranged from the development pipeline, to unique and successful building conversions, and why Alexandria has become such a hotspot for companies, restaurants, and residents. Here’s our rundown of what’s being built-up in Alexandria.

WMATA: Two-Acre Bus Garage
Perhaps the most exciting development opportunity in the heart of Old Town Alexandria, WMATA plans to issue a solicitation this month for 600 North Royal Street in Old Town, to sell a two-acre bus garage site for redevelopment. According to the Old Town North Small Area Plan, the bus garage is to be used as a redevelopment site with mixed-use with commercial and residential space. WMATA stated that the agency plans to solicit bids from developers this fall.

EYA: Robinson Landing
Washington real-estate developer, EYA, has a massive waterfront development project in the works called Robinson Landing. The 3.2-acre site will be mixed-use, including 70 condos, 26 townhouses, and retail space on the ground floor. The property will also feature a waterfront restaurant, a repurposed pier with seating areas, and a 20-foot wide promenade.

Carr Hospitality: Hotels and Housing
Carr Hospitality has a few Alexandria development projects on their radar, including the recently completed Hotel Indigo—a 120-room hotel housing Chef Cathal Armstrong’s restaurant, Hummingbird. This project signifies the first completed portion of Alexandria’s waterfront development pipeline, and is intended to bring more activity to the waterfront. Additionally, Carr acquired two future development sites in Old Town North. These plans include building 40 townhomes around an arts retail center at their Crowne Plaza property, and 80 condos over a ground-floor arts space at 1201 North Royal Street. Both projects remain in the early stages of development, but the company is excited to be part of the high-quality retail coming to Old Town North.

Asana Partners
Asana Partners, a Charlotte-based company, has recently made an investment that promises to bring new retailers and activity to Old Town. With the acquisition of 18 retail properties in the King Street corridor, Asana aims to bring more food and drink options to the area, suggesting ideas such as a sushi restaurant and cidery. They also hope to bring high-end soft good retailers to the already existing shopping environment. The company focuses on renovating, rather than redeveloping, mixed-use urban buildings to attract high-quality retail and restaurant businesses.

With such an impressive number of real-estate projects breaking ground in the coming year, Alexandria seems poised for success. We’d like to thank Bisnow for hosting The Alexandria State of the Market, and bringing together the area’s most passionate developers, business owners, and residents. We’re prouder than ever to be part of the effort to #GrowALX.