The enormous power plant in North Old Town has been shut down for nearly a decade, but plans have finally emerged to break the property up into smaller parcels for redevelopment.
The Potomac River Generating Station, more commonly known around Alexandria by its former name GenOn — which still adorns the building’s signs — was decommissioned in 2012.
The property’s owner, the Potomac Energy Power Company (PEPCO), is scheduled to bring a plan forward at the March 3 Planning Commission meeting to divide the property into three parcels..
The first lot, by far the largest at 818,944-square-feet, would encompass the administrative building and the power plant itself. Two smaller lots, 121,285-square-feet and 164,734-square-feet respectively, would be located at the western end of the property. Lot three would run along E. Abingdon Drive.
Following years of cleaning up the property, plans approved in 2017 would see the power plant redeveloped and turned into a pedestrian-friendly, urban neighborhood, as reported by the Washington Business Journal. An arts district and a waterfront park are also included in city plans for the area.
Ask McEnearney reviews the real estate during the first half of 2022.
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