Friday, February 25, 2011

Old Town, Alexandria is preparing for an addition to the neighborhood: a 51,500 s.f. Harris Teeter, on the north end of Old Town, one block east of Washington Street. Buchanan Partners of Gaithersburg will team with The Pinkard Group LLC of Bethesda to develop the project, which will also include 175 rental apartments.

"Harris Teeter has been working on finding an Old Town location for years, said Kingsley McAdam Project Manager for Buchanan Partners. "Everyone is very excited about this." Developers are hoping to break ground in 2012 with a 2014 completion. Three condemned buildings reside in the space presently as well as a dry cleaner whose lease will be up by the time the project breaks ground.

The lead architect for the project is John Rust of Rust Orling Architecture, based in Alexandria. Buvermo Properties, Inc. of Bethesda is an equity partner in the $74 million mixed-use development.

Alexandria, Virginia real estate development news

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