The Mark Apartments at 100 S. Reynolds Street near the Landmark area is under new ownership.
Washington Property Company (WPC) announced its acquisition of The Mark, a 227-unit apartment tower in the West End, last Friday. The company bought the tower for $52.7 million.
“This is WPC’s first acquisition of an existing multifamily property,” said Quinn Rounsaville, WPC Senior Vice President of Acquisitions, said in a press release. “We have long been committed to multifamily as an asset class in our portfolio, and this acquisition provides an opportunity to grow. We believe that with Amazon HQ2, Virginia Tech’s Innovation Campus, the redevelopment of Landmark Mall, and Virginia’s business-friendly political climate, the Alexandria submarket is poised for tremendous growth over the next five to ten years.”
In the press release, WPC said it plans to complete an ongoing renovation program at the apartments to finish upgrading apartment finishes and features. WPC also said it plans a more extensive upgrade of the building’s systems and common areas.
The redevelopment planned at Landmark and the HQ2 development in Arlington were name-dropped as a key feature that made the building an appealing acquisition.
“It is just 1.4 miles from the Van Dorn Metro station and four Metro stops to Amazon’s HQ2,” the press release said. “Only a half-mile from the property is the Landmark Mall redevelopment, expected to comprise 4.2 million square feet of mixed-use development anchored by a new billion-dollar Inova Alexandria Hospital, delivering as early as 2025.”
Updated at 5:45 p.m. Mia’s Italian Kitchen has a permanent home in Alexandria. Douglas Development Corp. sold 100 King Street to Alexandria Restaurant Partners for $8.6 million on October 28,…
Carpenter’s Shelter has been awarded a $2.5 million grant by the Bezos Day 1 Families Fund, and plans to use the money to rapidly re-house homeless Alexandrians. The $2.5 million…
Alexandria is planning for a transit-oriented overhaul of Duke Street, and city staff connected to the project told an advisory group earlier this month that rumors about eminent domain being…
Got your kilt ready? Alexandria’s Scottish Christmas Walk weekend is back. Former City Councilwoman Del Pepper will take center stage as the grand Marshal of the 51st Alexandria Scottish Christmas…
High School Senior Anxious about College Life? Our amazing graduate interns, Meghan Damminger and Kelly Charwat are starting an affordable College Readiness group in early 2023. Working out day and time. Please email [email protected] to set up a free consultation after the Thanksgiving holiday. And yes, Meghan and Kelly have a few openings for individual clients as well. Their rate is $45 per session. [www.sarahmoorelpc.com](http://www.sarahmoorelpc.com/?fbclid=IwAR3ZlfQnSLVRCc78HbTZutDYZErTctC_5pl- zt4eo_wjQo1gF6uHS–k32g).
Monarch Montessori School, located in the education center at 218 East Monroe Avenue, is currently enrolling infants and toddlers for the 2022-2023 school year. We’re an authentic Montessori preschool with a STEM emphasis!
We Offer: Arts & Crafts, Yoga & Pottery, Language & Early Literacy, Botany & Culinary Arts, Music Appreciation, Chorus & Language Immersion, Mathematics, Geography & Science, Practical Life & Culture.
Full-time, part-time, flexible and drop-in options!
Don’t miss this toe tapping celebration!
The Symphony Orchestra of Northern Virginia (SONOVA) presents “Brassy Jazzy Christmas,” a strong lineup of Christmas and holiday favorites. Inspired by Stan Keton’s album “A Merry Christmas!,” SONOVA has created a jazz band–substituting french
Join in Alexandria’s favorite Thanksgiving tradition- the 47th Turkey Trot 5 Mile Race. Alexandria’s favorite Thanksgiving morning tradition, the Alexandria Turkey Trot, returns to the streets of Del Ray on Thursday, November 24 at 9 a.m. In the spirit of