Carr Properties to 8-Story Apartment Complex in Old Town

Alexandria will get 234 new rental flats, together with some thought-about reasonably priced housing, now that Carr Properties has bought 901 N. Pitt St. in Old Town.

The vacant workplace constructing that’s at that location will probably be torn down, and instead, Carr Properties will construct an eight-story, 250,000-square-foot multi-family property.

Carr expects to interrupt floor this fall. The mission needs to be accomplished by late 2026.

The new property will probably be residence to flats that vary from studio models to 3 bedrooms. One-third of the models could have views of the Potomac River. The constructing could have an outside pool and lounge space.

The redevelopment adjoining to Montgomery Park could have a 6,445-square-foot performing arts venue that CityDance, a Washington, DC nonprofit dance establishment, plans to lease.

The property could have 7,000 sq. ft of retailer area on the bottom flooring, below-grade parking, and 15,800 sq. ft of outside area.

This enterprise by the true property funding belief that’s identified for creating business properties is a part of a strategic enlargement of the agency.

“Leveraging a long time of experience in creating premium high quality workplace properties throughout our core markets, we proceed to diversify our portfolio and prolong our dedication to excellence by creating this differentiated dwelling expertise in Alexandria,” stated Oliver Carr, CEO at Carr Properties, in an announcement.

“Old Town is a extremely wanted market within the DC-area, characterised by its distinctive walkability, historic neighborhood character, vibrant restaurant scene, and proximity to fascinating enterprise and leisure hubs,” Carr stated. 

Carr’s first residential mission, The Elm, is an award-winning, two-tower luxurious residence constructing in Bethesda, Maryland.

SK+I Architecture and inside design agency Edit Lab by Streetsense will work on the Pitt Street property that will probably be designed to comply with industry-leading sustainability measures and obtain LEED Silver certification. 

Feature rendering of what 901 N. Pitt will appear like courtesy Carr Properties

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