Even though, there are 8 new development slated for this section of Old Town. Only a few worth noting. Most of new development in this part of town is commercial. There are a few development with a mix of uses: apartment, commercial and condominiums or townhomes. A total of 289 new homes slated for South Old Town in City of Alexandria, of which 158 units (condo conversion) available.
The one project that will impact traffic the most on Washington Street is Woodrow Wilson Bridge. This project estimated to be completed by end of 2012. According to the information from Alexandria Economic Development Partnership, the new bridge will be 12 lanes with a combination of general purpose lanes, merge lanes, and HOV/ Express Bus/ rail transit lines.
These are the few development in various stages whether on-the-market, still being reviewed or, have received green lights to go ahead. The Bearings, is the former apartment complex built in late 1940's. Bearings is a condo conversion with studio, one bedroom, and two-bedroom units. When I first visited this project sometime last year, I was told that all units were sold out. Just last month, I was informed that they have units that came back on the market. That means, the Bearings is back on the market. There are approximatedly 30 units available for immediate delivery within 60-90 days after signing of contract.
Old Club sits at the intersection of South Washington Street and Gibbon Street will be renovated to include 4 condominiums and 4 new townhomes. Fannon Oil Site Redevelopment, pending permit. A major developer in the area plans to build 58 new townhomes. 1514-1602 King Street plans have been approved for a mixed-use project of retail space and 65 condominiums. The name for this development is unknown. Schedule of delivery is expected in 2007.
What's unusual for this area, or at least Old Town - the fact, that there will be a new apartment complex with 75 rental units planned for South Columbus Street. The project is currently under construction.
NEXT WEEK: We will visit new development plans for Carlyle.
* The Bearings [New Home Trekker]