More Condos To Come for Alexandria

ALEXANDRIA, VA-Like the rest of the greater Metropolitan Washington, DC area, Alexandria is lining its streets with more and more condominium developments and the Royalton Condominiums appears to be the next project on the list. Now that the property developers–a joint venture involving the JBG Cos. and the firm’s equity partner Rockwood Capital LLC–have awarded the construction contract to Clark Residential, the Royalton is on target to sprout up next summer. Development of the residences is expected to cost about $28 million.

Carrying the address of 1700 Duke St., the Royalton will occupy a highly visible and easily accessible spot right at the King Street Metro station, just outside of the popular Old Town Alexandria district. In addition to the upscale residences, the property will also feature about 45,000 sf of ground-level retail space, which will house a Whole Foods Market. The four-story structure will also offer an underground parking facility and a state-of-the-art fitness center.