Local developer Bonaventure hopes their new shopping center in the middle of Del Ray could be constructed as early as summer 2025. That’s if all goes according to their plan.
Right now the plan for 2525 Mount Vernon Avenue is still in its conceptual phase, but includes a four-story, 43-foot-tall building with 12,530 square feet of retail and 79 rental units on the one acre lot. Bonaventure is not planning on including any affordable housing units in the project, and will instead contribute to the city’s Housing Trust Fund.
The 88,500-square-foot building is the former Alexandria Department of Community and Human Services. Bonaventure bought it for $22.5 million in the summer of 2019, along with the properties at 2401, 2403 and 2411-2419 Mount Vernon Avenue.
Bonaventure also owns the 144-space parking lot across from Pat Miller Square on Mount Vernon Avenue and E. Oxford Avenue, which will be available for residents of the new building, but shoppers will be relegated to parking on the street.
Barring unforeseen circumstances, the developer wants the plan to go to the City for review in November, followed by the final site plan and building permit process, and then upward of a year-and-a-half for construction.
“If things go according to our schedule, we would go to public hearing in November,” said Cathy Puskar, an attorney for Bonaventure. “Following the public hearing, there’s a final site plan process and building permit process, and we would look to start construction in the fourth quarter of 2023, and the building would be completed in 18-to-20 months.”
Via Bonaventure
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