Old Town’s attractions are about to extend much farther north with the addition of revolutionary developments in the northern quadrant. Last year, we were thrilled by the announcement of EDENS’s Gables Old Town North, with anchoring tenant West Elm, where a Giant and an ABC store used to stand at 530 First Street. Now, plans are taking shape for the waterfront areas along N. Fairfax and N. Royal Streets.
Where the Crowne Plaza Hotel currently exists on N. Fairfax Street, we might see townhouses, residential conversion of the hotel to either condos or rental units, and a 7,300-square-foot theater. One of the theater’s premier occupants will likely be MetroStage, Alexandria’s only professional theater company, which will soon be displaced by redevelopment at its former home at 1201 N. Royal Street.
Plans for the N. Royal site, in turn, will dramatically alter the acreage along the Potomac River. The current site of the Potomac River Generating Station, which closed in 2012, will become an “arts-heavy neighborhood” designed for foot traffic and optimization of the prime waterfront location. An energy company has been working to remediate soil and groundwater contaminants, paving the way for “community and sculpture gardens, new residential, recreation and culture” and “arts-focused development.”
Nearby, at 1201 N. Royal Street, SK+I Architecture has designed a mixed-use building offering eight levels of residential lofts, art studios, an arts walk, and a “roof club”— can’t wait for more details on that one. This building will sit where N. Royal, N. Fairfax, and Third Streets meet the riverfront Mount Vernon Trail.
This is just the beginning of an exciting new vision for North Old Town. What is even more exciting is that you don’t have to wait for the new residences to be built! Beat the rush by checking out our listing at 316 Third Street, now available at a new low price of $$1,150,000, and offering, among other numerous luxury features, a roof deck overlooking all of what’s the come. Please email me at firstname.lastname@example.org for more information.
The Patterson Group is one of the most experienced and trusted real estate teams in the area, serving Alexandria, VA for over thirty years. We offer professional, hardworking, detailed and friendly service and a large network of contacts and resources accrued over our many years in Alexandria real estate. Comprised of seven Alexandria locals, six of whom are licensed realtors and three of whom are accredited staging professionals, The Patterson Group is passionate and knowledgeable about Alexandria, VA and here for all of your Northern VA real estate needs. Allow us to help you find your home here and discover all that the Alexandria lifestyle has to offer.
400 South Washington Street
Alexandria, VA 22314