Weingarten Realty invests in development site

Weingarten Realty invests in development site

Published at: 2016-11-17 17:08 | Author: CIJ USA
Weingarten Realty, headquartered in Houston, has picked up 5.2 acres of land for the development in Alexandria, VA of the mixed-use project The Gateway Alexandria. Located at the corner of King and North Beauregard streets, the property will include 352 rental units, of which 74 will be designated as affordable, 110,000 sqf of retail space anchored by Harris Teeter, along with 87,000 sqf of office space. The complex offers below-grade parking for 820 vehicles. The project will be a transit-oriented development located 6 miles from the Capital Beltway and five miles from downtown Washington D.C. Once completed, Weingarten's net investment is estimated to be $160 million and will include ownership of retail, 275 luxury residences and 23,000 square feet of office space.

Similar Stories:

Clarion Partners acquires 114W41 offices in Manhattan for $282m
Clarion Partners bought 114 West 41st Street (114W41) in Midtown Manhattan’s Bryant Park  »
Savanna acquires Manhattan retail, office building for $100m
Savanna has paid $100m for a 12-story office and retail building in Manhattan. The 126,256  »
Rybak Development secures $47.5m for Brooklyn project
Rybak Development secured a $47.5m loan for the construction of a 20-story mixed-use proje  »
Mixed-use scheme underway in historic Washington, DC, building
SGA Companies and Evergreen Private Finance have kicked off construction on a mixed-use sc  »