The Alexandria (VA) City Council has unanimously approved plans for a new 52,000 square foot full-service Harris Teeter grocery store and 175 rental apartment homes in the city’s Old Town North section. Developers Buchanan Partners of Gaithersburg, MD, The Pinkard Group of Bethesda, MD, and Theo Androus, backed by equity partner Buvermo Properties, Inc. of Bethesda, will now move forward with plans to break ground on the $74 million project in the first quarter of 2012.
The Council voted seven to zero on three rezoning applications: a master plan amendment, Coordinated Development District rezoning, and a development special use permit. Next steps for the developers include finalizing the design and obtaining site and building permits.
The Harris Teeter store is being designed to meet the U.S. Green Building Council’s LEED® Silver standard, while the apartments are expected to be Earthcraft certified. EarthCraft is a green building certification program that serves the Southeast and addresses region-specific climate factors that impact homes, such as high heat and humidity.
The Old Town North Harris Teeter will have hundreds of varieties of fresh produce in its Farmers Market, focusing on both locally and regionally grown items. It also will feature expanded chef-prepared food, the highest quality meat and seafood products, a full-service pharmacy, and thousands of general merchandise items.
The development site covers most of the city block bounded by North St. Asaph Street, Madison Street, and North Pitt Street. This site is located just one block east of Washington Street, Old Town’s main north-south artery.
“We are pleased that our application was supported by a majority of Old Town residents, many of whom said they now need to travel all the way to Arlington to shop for fresh produce and a variety of other quality foods,” said Kingsley McAdam, Project Manager, Buchanan Partners. “Not only will this development provide a much-needed neighborhood retail amenity, but it also will be an important urban infill site where residents can walk to Metro, and it will generate much-needed jobs and tax revenue for the City.”
Buchanan Partners is one of the largest commercial real estate developers in the Washington, D.C. metropolitan area, with a solid reputation for integrity, innovation, and community involvement. Over the last decade, Buchanan Partners has acquired, planned, or developed over 1,600 acres of commercial land as well as over five million square feet of property including office, industrial, flex, retail, and mixed-use projects. For more information, visit: www.buchananpartners.com. The Pinkard Group is a real estate investment company, focusing on adding value to properties it acquires in the Washington, D.C. metropolitan area.