Wednesday, March 27, 2013

Potomac Yard groundbreaking along East Glebe Road

After an earlier report from the UrbanTurf blog that reported a mid-2012 project start, MRP Realty and the JBG Companies announced the start of construction on The Alric, the first phase of The Exchange at Potomac Yard. 

The Exchange at Potomac Yard is a 14-acre Town Center parcel within the overall 300-acre Potomac Yard community in Alexandria, Va. The Exchange will be developed by both JBG and MRP and will comprise nearly 2 million square feet of retail, office, hotel and residential space. 
Located in the heart of The Exchange at Potomac Yard, The Alric will be a 323-unit, Class A multi-family apartment development. It is located at 731 Seaton Ave., adjacent to the future Potomac Yard Metro Station with Yellow and Blue Line service, and within minutes of historic Old Town, the Pentagon, Crystal City and Ronald Reagan Washington National Airport. The project will feature a mix of studio, one- and two-bedroom residences in dual five-story buildings that are separated by a public mews. The Alric is expected to be completed by the end of 2014.

The project, designed by SK&I Architectural Design Group (designers of the Madison by Braddock Road Metro and Lofts 590 in Crystal City), will include a roof terrace with an indoor lounge that offers spectacular views of the Washington skyline and the Potomac River. Additionally, the community will offer internal courtyards, private patios on the ground level, extraordinary common area amenities for its residents, a pool, and outdoor seating areas.

In addition to Pulte’s high-end townhome and condominium development to the south of The Alric, a neighboring 24-acre public park with playgrounds, playing fields, tennis, basketball and volleyball courts and a bike trail that connects with the Mount Vernon trail will be completed this summer. Prior to delivery of the new Metro station, Potomac Yard will also feature Bus Rapid Transit (BRT) service on Route 1 connecting Crystal City to Old Town Alexandria.

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