Monday, November 21, 2016

HFF arranges development deal for mixed-use residential, retail and office project in Alexandria, VA

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 |

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