The TideLock project (1033 N. Fairfax Street) in Old Town North snagged a $96 million construction loan and is moving forward, the Washington Business Journal first reported.
The project was approved by Alexandria’s City Council back in 2022 along with various other Old Town North developments, including the GenOn power station redevelopment.
The plan is to combine three parcels — currently 1980s office buildings — into a new 234-unit development in two nine-story buildings. The units will be a mix of condos and multi-family rental.
A third, smaller building will include retail and a museum, the Washington Business Journal reported.
Developer Community Three told ALXnow that construction on the project is scheduled to start next week and will run for two years, with the project scheduled to open sometime in spring 2026.
An on-site meeting about the project is scheduled for Friday, March 15, at 10 a.m. to discuss construction procedures.