Old Town Commons will add 245 market-rate and 134 affordable homes, renovating five full blocks of Old Town, replacing the 194 units of affordable housing built in 1954 and owned by the Alexandria Redevelopment and Housing Authority (ARHA). Current residents will be relocated on site or transferred to other available ARHA housing in the community.
The EYA project will continue in phases, one phase per block, allowing for many residents to remain in their homes until new space becomes available, though public housing residents are not guaranteed a space in the new project. The developer began the process in 2006 when it responded to an RFP released by Alexandria, which it won in the summer of 2006. As part of the agreement, the developer will buy the land beneath the market-rate units, money which ARHA will then put toward funding the public housing units.
Across the five phases, the housing breaks down into 159 market-rate townhomes, 86 market-rate condos and 134 subsidized apartments. The first phase includes 37 market-rate units and 18 subsidized units with the remaining phases following a similar pattern of 2/3 market-rate to 1/3 public. The first phase units should complete by the end of 2011.
The homes will be a mixture of architectural styles, designed by project architect the Lessard Group. According to Jennifer Hebert of EYA, the primary streets, such as Madison and Wythe, will have
EYA also developed several projects in the immediate vicinity, including Chatham Square and Potomac Greens, both collaborations with EYA and county-funded ARHA. EYA is also now building Glebe Park, another partnership between EYA and ARHA, with funding from Alexandria that will be repaid through land sales at Old Town Commons, and have caused more than a little hand-wringing at the thought of sponsoring more low-income housing within Old Town. Glebe Park broke ground in August for the construction and rehabilitation of 102 homes off West Glebe Road, with completion scheduled for late 2010. Jackson said the two projects combined will likely amount to $200 million in total project costs.
Alexandria Virginia real estate and development news