A new conversion from an office to a ‘luxury rental development’ has broken ground in Old Town.
American Real Estate Partners (AREP) is converting the 200,000-square-foot office building at 1101 King Street into a 200-unit apartment development called CityHouse Old Town.
The office building was built in 1983, predating new regulations on density in the area established in 1992. While the project involves significant interior changes, the exterior modifications are relatively modest.
According to a release:
Located in the heart of King Street in historic Old Town Alexandria, AREP is converting a former 200,000 SF office building and transforming it into CityHouse Old Town, a community comprised of approximately 200 homes ranging in size from 525 square-foot studios to deluxe three-bedroom apartments with a den to accommodate hybrid work and private wraparound terraces for the majority of homes.
The seven-story property, with its six-story interior atrium, rises above the surrounding buildings, providing panoramic views of Old Town, the riverfront, and DC monuments. Residents will have access to a concierge, private club suite, and state-of-the-art fitness facility, as well as a wide array of food & beverage destinations just a few steps away from their door.
American Real Estate Partners said in the release that pre-leasing at the building is scheduled to start in the summer of 2025 while construction will be completed later that fall.
