ALEXANDRIA, VA-The Washington DC-based City Interests and Rooney Properties have acquired two parcels of land at a 3.2-acre site at Robinson Terminal North with plans to develop it into another mixed-use community along Old Town's waterfront. The seller of the site was Graham Holdings Co., and it was represented by Savills Studley's art Greenberg, Vernon Knarr and Parker Lange.
The site is located on the Potomac River at the north end of Old Town Alexandria. The buyers, which formed a JV for the purchase, plan to build a mixed-use project that will include 66 multifamily units, a 132-key hotel and 25,000 square feet of retail space including a riverside restaurant.
ALEXANDRIA, VA-The Washington DC-based City Interests and Rooney Properties have acquired two parcels of land at a 3.2-acre site at Robinson Terminal North with plans to develop it into another mixed-use community along Old Town's waterfront. The seller of the site was Graham Holdings Co., and it was represented by Savills Studley's art Greenberg, Vernon Knarr and Parker Lange.
The site is located on the Potomac River at the north end of Old Town Alexandria. The buyers, which formed a JV for the purchase, plan to build a mixed-use project that will include 66 multifamily units, a 132-key hotel and 25,000 square feet of retail space including a riverside restaurant.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
