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More Amazon-aimed housing moves forward in Alexandria

Posted on Aug 09,2019
Filed Under News , Community,
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A 115-unit, seven-story luxury apartment building at a highly visible Old Town Alexandria location will help address the housing needs brought by the arrival of Amazon HQ2 employees in the National Landing area. Click to expand. (Courtesy NOVO Properties)
Source Wtop

Source Wtop

Jeff Clabaugh

ALEXANDRIA, VA. - A 115-unit, seven-story luxury apartment building at a highly visible Old Town Alexandria, Virginia, location has secured financing and will break ground in the first quarter of 2020.

D.C.-based developer NOVO Properties has already received city approval for its apartment project at 1200 N. Henry Street, on U.S. Route 1 at the northern entrance to Old Town, has now closed on $55 million in financing for the project from Pinnacle Financial Partners. Toronto-based Avison Young’s Capital Markets Group arranged the financing.

“This offering represented an excellent opportunity to invest in a multifamily project that is close to a number of major employers,” Avison Young’s Jon Goldstein said.

Source Wtop



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