Developer JBG Smith announced plans today for 750 new residential units in Potomac Yard.
The developer said the plan is to build a mix of multifamily, townhome and committed affordable units on the southern portion of the neighborhood across from the Potomac Yard Metro station.
According to the release:
On Landbay G Parcels E/B, JBG SMITH is proposing approximately 550 units (~684,000 square feet) of multifamily residential. The units would be spread across two 7-story buildings.
On Landbay G Parcel G, JBG SMITH is proposing approximately 100 units (~128,000 square feet) of on-site dedicated Affordable Housing.
On Landbay H, JBG SMITH is proposing approximately 116 single-family townhome units (~336,000 square feet). The for-sale townhomes would comprise 80 16 x 42-foot units and 36 20 x 42-foot units.
The proposed developments are on vacant lots south of the Metro station and south of where the planned arena would have been.
“We are eager to kick off the City of Alexandria’s robust review and input process and look forward to engaging with members of the community,” Taylor Lawch, senior vice president of development at JBG Smith, said in the release. “The region is in desperate need of new housing. Our proposal seeks to provide a healthy mix of rental, for-sale and dedicated Affordable Housing options for those who wish to call Potomac Yard home, no matter their budget or household size. In addition, this plan will generate significant additional tax revenues that will be used to help pay for the new Metro station at Potomac Yard, while also maintaining and strengthening the quality of local resident services.”
The developer will hold a community meeting for the proposed development on Monday, Dec. 16, at 7 p.m. in the American Physical Therapy Association’s Headquarters (3030 Potomac Avenue). JBG Smith said this will be the first of multiple meetings to discuss the development.
