270-Unit Apartment Building Planned for Old Town

by Shilpi Paul

270-Unit Apartment Building Planned for Old Town: Figure 1
1st and Fayette Streets, Alexandria. Courtesy of Google Maps.

Washington Real Estate Investment Trust (WRIT) is partnering with Trammell Crow to develop a 15-story, 270-unit apartment building in Old Town, the Washington Business Journal reported late Wednesday. The building, to be located at First and Fayette streets a block from the Braddock Road Metro (map), is expected to start construction late next year and take two years to be built.

From the Washington Business Journal:

The site is also close to the Braddock Metro Center, a 345,000-square-foot office campus WRIT acquired in September. It’s the second new apartment complex in Northern Virginia for WRIT, which announced plans in June to build a $43.5 million, 150-unit apartment project with Crimson Partners by the Ballston Common Mall.

Trammell Crow is also planning to develop another 360-unit apartment building just down the block, in a partnership with Equity Residential.

See other articles related to: writ, trammel crow, old town, apartments

This article originally published at http://dc.urbanturf.com/articles/blog/270-unit_apartment_building_to_go_up_in_old_town/4683

1 Comment

  1. mizark said at 10:18 pm on Thursday December 1, 2011:
    I believe EQR actually bought out Trammell's interest in that project and is developing it themselves. That project is actually underway - the existing structure on the site has been demolished and site work is underway. When actual excavation/construction will begin is another story.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!