Wood Partners, one of the nation’s largest real estate firms, recently broke ground on Station 650 at the corner of Potomac Avenue and Route 1.
The five-story, mixed-use development will include 183 apartments and roughly 2,500 square feet of retail space.
The development is expected to be open for leasing in early 2015.
The $50 million complex includes 10 loft units with park views, eight units kept at an affordable rate and 165 one- and two-bedroom market-rate apartments. A two-floor parking garage (one level below grade) will include 239 vehicle spaces.
The building’s many amenities are to include a clubroom, fitness center, game room, dog wash station and first-floor bicycle workshop for residents.
Station 650’s courtyard will include a fire pit, demo kitchen with bar, multiple grilling areas and a reflecting pool.
Howell Park, a small piece of green space, will be built one block north of Station 650 near the corner of Howell Avenue and Main Line Boulevard. The park is expected to be completed in late 2014.
The new complex will also have easy access to Potomac Yard Park, a 21-acre linear space on the eastern edge of the development that’s expected to open later this year.
“This is an ideal location for luxury apartments,” Scott Zimmerly, director of the Mid-Atlantic region for Wood Partners, said in a press release. “Alexandria boasts solid economic indicators and a population that is among the most highly-educated and affluent in the nation.”
Last week, work began on a new mixed-use development in Potomac Yard near Fire Station 209 that will contain a 69,000-square-foot Giant grocery store. Also last week, two real estate services companies announced the start of construction The Frasier, a $75 million, 249-unit apartment community located between Route 1 and Mainline Boulevard at 216 Swann Ave.