The Washington Metropolitan Transit Authority (WMATA) continues to make moves with its real estate portfolio.
On Friday, Trammell Crow Residential (TCR) announced its selection by WMATA to purchase the Royal Street Bus Garage at 600 North Royal Street (map) in Old Town Alexandria.
After winning the competitive bid process, TCR will begin engaging the community as it seeks to rezone and redevelop the site. The 48,500 square-foot building sits on a two-acre lot. The brick structure was constructed in 1933.
"We will be seeking a CRMU-X zoning classification through the [Development Special Use Permit] process and in conformance with the Old Town North Small Area Plan," Trey Kirby, Vice President of TCR, told UrbanTurf. That zoning classification allows for by-right mixed-use commercial and residential, although TCR currently anticipates developing an all-residential building.
This is the most recent in a series of moves WMATA has made to enable redevelopment of its properties, including the current solicitation of feedback on plans to build on the surface parking at Deanwood Metro and the application to rezone the agency's downtown headquarters for a potential future sale.
This article originally published at https://dc.urbanturf.com/articles/blog/wmata-garage-in-alexandria-slated-for-residential-redevelopment/14130.
Most Popular... This Week • Last 30 Days • Ever
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
The Capitol Hill home has been listed for sale that has a number of serious security ... read »
The listing will hit the market on Wednesday, according to the Washington Business Jo... read »
Today, UrbanTurf looks at what we think will be the metrics that will determine the d... read »
Located in the heart of Shaw, Intersect at O includes five elevator townhomes. The fi... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
The Church of the Epiphany has filed plans with the city to demolish the rear portion... read »
Just before the holiday, UrbanTurf is taking its semi-annual look at the neighborhood... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
An application filed with DC this week signals the end is nigh for a McDonald's locat... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro