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JUST IN: Banana Republic and Gap Outlet closing in Old Town on January 24

After decades at the corner of King and Washington Streets in Old Town, national retailers Banana Republic and Gap Outlet are closing their doors forever on January 24, 2021.

All merchandise is currently marked between 20% and 40% at Banana Republic (628 King Street), and up to 70% off at Gap Outlet (622 King Street).

Both stores belong to The Gap, Inc., and staff at both locations said that Gap Outlet was underperforming, with most business coming in on weekends.

Banana Republic and Gap Outlet have long been anchors near the “Middle King” intersection in Old Town. The block has seen a number of businesses close down in recent years, including La Tasca in May 2020, Wallgreens last year, and Java Grill last summer. Burke and Herbert Bank at 621 King Street is also closed.

The original building at 628 and 622 King Street was constructed as a 600-seat theatre in 1854. During the Civil War, the building was named Washington Hall General Hospital, and contained 100 beds for Union soldiers. The building would become a laundromat and insurance firm before burning down.

“The two lots were then combined and a new structure on the site was built for retail purposes, a Lerner’s store which prospered well into the mid-twentieth century when downtown Alexandria was the center of shopping in Northern Virginia,”according to the Office of Historic Alexandria.

The building is owned by the family of Wellington Goddin, and was last appraised for $6.2 million in January 2021.

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