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:

Delshah Capital buys Brooklyn property portfolio for $102m
Delshah Capital bought a 28-property portfolio in Brooklyn from Silvershore Properties for  »
Snell Properties buys Elysium Fourteen for $43m
Snell Properties purchased Elysium Fourteen, a mixed-use property in Washington, DC, for $  »
Penzance closes $255m real estate equity fund
Penzance has closed on its first real estate private equity fund. Generating a total equit  »
New York City’s 8th Avenue Chelsea Collection sells for $83m
A joint venture between Dalan Management Associates and Elion Partners has acquired eight  »