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| Susan Carras |
WASHINGTON, D.C. ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a transaction
for the development of The Gateway
Alexandria, a planned 585,000-square-foot mixed-use project with luxury
residences, below-grade parking, grocery-anchored retail and office space in
Alexandria, Virginia.
 |
| Walter Coker |
HFF worked on behalf of
Abramson Properties, who worked over the past five years to assemble and
entitle the project. HFF identified
Weingarten Realty Investors, who purchased the site and will lead vertical
development of the exciting project.
The Gateway Alexandria
will be a transformational project for the city of Alexandria. The site is the location of the former
Jefferson Hospital and its medical buildings, which is proximate to the
Northern Virginia Community College and the Department of Defense at Mark
Center.
This premier mixed-use development will be
situated on 5.2 acres at the corner of King and North Beauregard Streets and
one half of a mile from Interstate 395.
The development will create a dynamic community with vibrant,
grocery-anchored retail lining a walkable promenade.
The site’s location is
prominent in the north central section of Alexandria at the city’s boundaries
with Fairfax and Arlington Counties. A
Transit-Oriented Development (TOD), The Gateway Alexandria is six miles from
the Capital Beltway, five miles from downtown D.C. and four miles from both Old
Town Alexandria and the Pentagon.
In 2017, the site will be served via a new Bus
Rapid Transit station in addition to the current Metrobus and DASH bus
service. Once completed in 2019, The
Gateway Alexandria will be a three-building, mixed-use property featuring 352
multi-housing units, 74 of which will be affordable units; 110,000 square feet
of ground-floor retail space anchored by a Harris Teeter grocery store; 87,000
square feet of office space; and below-grade parking with 820 spaces for the
entire development, including 320 spaces for residential use.
 |
| Brian Crivella |
Weingarten's net
investment at completion is estimated to be $160 million and will include
ownership in the retail, 275 luxury residences and approximately 23,000 square
feet of office space.
HFF’s team was led by Susan Carras, Walter Coker, Brian Crivella,
John Owendoff and Jordan Lex. Dave
Millard and Peter Berk of Avison Young and Dave Dochter of Dochter Alexander provided leasing advisory
services for the office and retail portions of the project.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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