A few months ago, we first introduced to you The Patterson Group. This real estate team knows our city inside and out, and so who better to fill us in on all of the changes happening in Alexandria? We are grateful to Brittany Patterson who has given us fourteen reasons to be excited to live in Alexandria right now. Today’s post includes the first seven reasons which are primarily development-based–soon we won’t even recognize much of Old Town! Next week she will give us the details on new restaurant openings, hotels, entertainment and much more!
1) The 1950s Travel Lodge located on the 700 and 710 block of North Washington Street is scheduled to be demolished and will be replaced by a 4 story, mixed use building with 1 level of underground parking. Plans include 30 residences and 6,200 square feet of ground floor retail space. The plans were reviewed Monday night by the Board of Architectural Review. As I write this, the meeting is still taking place.
2) North Old Town’s 25 acre power plant site is finally getting the attention it deserves and a plan in place for its future. The VA Department of Environment Quality approved a 5-year plan to clean up and contain the estimated 17,000 gallons of heating oil that may have contaminated the soil. The plan includes 3 years of cleanup and 2 years of monitoring, but paves the way for a land use plan for North Old Town. Alexandria City leaders have expressed an interest for mixed-used development.
3) Only one residence remains at Alexandria’s finest and newest riverfront condo community, The Oronoco. The building sold for the highest price per square foot in Alexandria history averaging at $900-$1,000/sq ft. The last remaining residence, located on the 6th floor, is listed for $2,995,000 and offers 3 bedrooms, 2.5 baths, 2 balconies, and 3,390 square feet.
4) North Robinson Terminal is getting closer to final city design approval. The development between City Interest and JBG is slated to house a mix of residential housing on the upper floors, ground floor retail on 3 sides, a hotel, and attached glass pavilion. Consequently, residential housing prices here are expected to be higher than The Oronoco and average $1,300 a square foot.
5) The 3.5 acre site of the South Robinson Terminal is close to breaking ground. Developer EYA has slated 26 elevator townhomes, condos, dining and retail.
6) Hotel Indigo, site of the former Cummings Warehouse, is scheduled to open Summer 2016 and will feature a 5,000 square foot terrace with fire pits, food and drink service, and will be open to both guests and the general public.
7) North Old Town’s Giant grocery store has closed and Eden’s, a South Carolina based developer whose other known projects include Mosaic District and Union Market, is scheduled to purchase and develop the entire block between Montgomery Street and First Street.