More Residential Development for Alexandria's Carlyle Neighborhood

Atlanta-based Post Properties announced last week that it will begin construction on phase two of its Carlyle Square apartment project in Alexandria. The development company is confident that they will find enough Metro riders to overcome area's traffic congestion and fill the new 344-unit apartment building. Each unit at 601 Holland Lane will average 906 s.f. of freshly designed contemporary interior space, located not far from Ballenger Avenue in the southeastern corner of the increasingly dense Carlyle neighborhood.

Total development costs are estimated to top out at $95 million. Post is expecting to benefit from cyclically low construction costs, and will bankroll the project using its unsecured revolving lines of credit, it reports. Post hopes to deliver the first apartments in the spring of 2012, a time which the company predicts will present favorable rental conditions.

Architect Sami Kirkdil of SK&I Architectural Design Group received praise and an award from Builder Magazine for his massing arrangement on Post's last Carlyle building, elegantly blending a rather large building into the roof-lines of its smaller surroundings. SK&I will again shoulder the design responsibilities for phase two of the Post Carlyle. The new building will consist of a 4-story structure abutted by a glowing 14-story tower of metal and illuminated glass intended to suggest a glowing lantern. The residencies will be amassed atop 425 below grade parking spaces.

Alexandria Virginia Real Estate Development News

Eisenhower Ave. Towers Get the Green Light

As of last week, Lane Development's ambitious development proposal for Alexandria’s Eisenhower Avenue has received design approval from the Carlyle/Eisenhower East Design Review Board. The project, which seeks to add four towers of mixed-use development just feet from the Beltway at 2250 and 2200 Mill Road, had initially been delayed due to concerns over the planned building materials and the project's distinctive rooftop accents. Now, with the buildings to definitively be constructed out of "dark precast" and the crowning cross patterns (pictured) scaled back to appease the Design Board, the project can proceed unimpeded.

Once completed, the developer intends to add 485 new residential units, 5700 square feet of retail and 585,000 square feet of office space in buildings as high as 22 stories - not to mention two new roads - to the Northern Virginia market. A definitive start date for the project has yet to be scheduled.

A Marriott Monopoly

Marriott International Inc. is expanding its domination of the Washington DC metro hotel market. Their latest acquisition is a 2.4 acre triangular parcel in an Alexandria Virginia office park, where they plan to roll out one of their least established brands - the so-called Springhill Suites - maintaining a virtual monopoly over business travelers at the bustling junction of Telegraph Road and Eisenhower Avenue.

Located at 2950 Eisenhower Avenue, the new hotel will fall at the western end of the Alexandria Tech Center and stand just a stone's throw away from the Capital Beltway. This newest Springhill Suites will measure in at five-stories and 152 rooms, made up of 106 king suites and 46 double queen suites. Amenities planned for the site include an indoor swimming pool, lounge, small conference room, a gym, an outdoor terrace and shuttle service to the nearby Eisenhower Avenue Metro Station. Designed by architects Davis Carter Scott, the project is expected to come in at a cost of roughly $13 million.

The project was unanimously approved by the both the Alexandria Planning Commission and City Council in mid-November. Marriott already has a hotel in the Alexandria Tech Center – a 98,000 square foot Marriott Courtyard that bookends the opposite side of the development.

The Planning Board staff praised the Springhill project as providing “an enhanced gateway to the Alexandria Tech Center and the Eisenhower Valley with an open space plaza and interesting building design,” but also chastised them their intention to use chintzy motel building materials – in this case a synthetic stucco called StoCreativ Granite.

Any qualms were abated, however, with promises of new jobs, an expanded “commercial tax base,” LEED certification and – a point not lost on urban planners - $13 million in promised new tax revenue to be generated by the hotel over the next decade. A number of local associations, including Carlyle Eisenhower Civic Association, the Cameron Parke Home Owner Association, the Eisenhower Partnership and the Alexandria Federation of Civic Associations, have also lent their approval to the project.

Marriott describes the Springhill Suites brand as “a prototype…geared toward the younger business traveler” with less expensive, yet large rooms with accompanying work space and internet access. In addition to the neighboring Courtyard location, the Tech Center’s newest tenant will also join a Strayer College location and a cluster of mid-rise office buildings along Eisenhower Avenue. Construction is expected to commence in the fourth quarter of 2009.

In addition to the planned Springhill Suites location, the hotelier also has plans in the works for double hotels on one block in downtown Crystal City and another under construction in Arlington’s Courthouse District, as well as several in Arlington and Washington DC. Lacey

Jamieson Condo in Carlyle Opens for Sales

The Jamieson Condominium, Alexandria's newest residential building, garnered attention today by officially holding its grand opening this evening. The 79-unit Jamieson started selling its condos from the $300s; the residences will occupy 6 floors above a 10-story, four-star Westin Hotel in the Carlyle section of Alexandria. The condo-hotel, located about 3 blocks from the King Street Metro station and clad in the ubiquitous red brick of Carlyle, officially opened the hotel to guests last November. The developer, Atlanta-based Regent Partners, is banking that extending four-star treatment to condominium owners through hotel services will lure buyers to its project, as happened in Arlington's Waterview Condominium, which sits above the hotel Palomar in Rosslyn and recently sold out of its 136 condo units. Regent built the 319-bed unit on land it purchased from Norfolk Southern in 2004 "Regent Partners is excited to bring this unique lifestyle option to Old Town Alexandria. The only condo/hotel highrise in Alexandria, The Jamieson is designed to offer residents luxuriously finished condominium homes and the advantages that come with living above a hotel like the Westin Alexandria," said Kristi Trogler, director of Sales & Marketing with Regent Partners. Units range in size from 700 to more than 1,000 s.f.

Alexandria Virginia commercial property news

New Rentals Break Ground in Alexandria

Trammell Crow Residential has just broken ground on Alexandria's newest apartment building, the Alexan Carlyle, at 800 John Carlyle Street, roughly two blocks from the Patent and Trademark Office headquarters. The 280-unit rental complex is a $94 million joint-venture split between Trammell Crow and Olayan America Corporation as an institutional investor.

The 2.8-acre site is planned to house a resort-esque, luxury apartment building amply loaded with amenities typical of "luxury" buildings: A swimming pool, clubhouse, mini-gym and billiards room among others. Virginia-based Cubellis DCA served as the architects and has reportedly created the architectural pu pu platter of buildings, integrating three separate architectural styles within the 5-story building: Classic federal architecture reminiscent of Old Town, an art-deco panache and an urban loft approach. The first units will be completed by the fall of 2009.

"The Carlyle neighborhood of Alexandria is the perfect location for TCR's latest Alexan luxury rental community, Alexan Carlyle. The new PTO headquarters is just two blocks away and is adding jobs at the rate of about 1,200 per year. Plus residents will have easy access to two Metro stations as well as all the shops and restaurants of Old Town Alexandria," said Sean Caldwell, Managing Director at Trammell Crow Residential. PNC Bank is financing the construction of TCR's newest addition to Northern Virginia.