A street lined with American flags in Old Town, Alexandria. (staff photo by James Cullum)
The gap between Alexandria’s residential and commercial tax bases continues to grow, with residents shouldering more of the city’s tax burden, according to the city’s released real estate tax assessments.
As of Jan. 1, Alexandria’s overall tax base increased by 3.4% in value, or nearly $1.7 billion, to reach $51.4 billion in 2026. The city’s residential tax base increased by 4.4% in value, or $1.4 billion, while the commercial tax base gained $334.8 million in value, up 1.9%, and the non-locally assessed tax base declined by $20.5 million, dropping 2.8%.
A 'Shop Local' sign in the 200 block of King Street in Old Town (staff photo by James Cullum)
Facing a decline in job growth, a struggling commercial real estate market and a climbing population, today (Friday) Alexandria released the draft of its first economic development strategy in nearly two decades.
The 63-page ALX Forward draft plan makes a number of recommends to reverse negative trends, including leveraging economic opportunities in Old Town North, Eisenhower East, the West End, and Potomac Yard; retaining local businesses and attracting high-growth industries like artificial intelligence firms; and strengthening support for the city’s entrepreneurial ecosystem.
The sale of two large Alexandria properties could settle millions owed to the government by real estate developer and former Connection Newspapers CEO Peter Labovitz, according to a report from the Washington Business Journal.
Similarly, if ALXNow hears anything from the DOJ or other governmental entities pursuing a case against Mr. Labovitz, and they happen to mention 1700 Diagonal, please inform them that he has no interests in that building and tell them to contact me at any of the contact methods in my below signature. I am more than happy to clear up any confusion.
A proposal to turn a vacant office building into a 45-unit apartment building at 1625 Prince Street in Old Town.
Applicant 1625 Prince Street LLC is asking the city for a parking reduction, as well as modifications to the tree canopy and minimum side yard requirements. The building is less than 1,000 feet from the King St.-Old Town Metro station, was constructed in 1990 and bought by the American Society for Industrial Security in 1997, according to city property records. The proposal will go to the Planning Commission on Nov. 6.
A rendering of the office-to-residential conversion for 601 Wythe Street in Old Town (via City of Alexandria)
Alexandria’s commercial real estate market is struggling, although the city is a leader nationally with office conversions, according to the Alexandria Economic Development Partnership (AEDP).
The Whitley at 811 N. Columbus Street in Old Town North (courtesy image)
A new luxury condominium building in Old Town North is offering eight affordable units to first-time homebuyers who live or work in Alexandria.
The city’s Office of Housing announced on Thursday (Sept. 4), that the eight units at The Whitley, a new 78-unit complex at 811 N. Columbus Street, are available and due to high demand buyers will be chosen in a lottery. The units, ranging from one-to-three bedrooms, will start accepting applications from Friday, Sept. 26, to Friday, Oct. 24 at 5 p.m.
Walking in the 100 block of King Street in Old Town (staff photo by James Cullum)
Ben N Jerry’s, Urbano 116, Patagonia, and Jeni’s Ice Cream are just a few of the 21 mixed-use properties in Old Town that have been put on the market.
North Carolina-based Asana Partners bought the properties along the King Street Mile (between the waterfront and the King Street Metro station) worth more than $100 million between 2016 and 2018. Asana reportedly invested $20 million into their redevelopment, and now the portfolio is being marketed by D.C. firm Jones Lang LaSalle (JLL).
Just Listed highlights Alexandria properties that came on the market within the past week. This feature is sponsored by Corcoran McEnearney, the leader in Alexandria real estate since 1984.
According to BrightMLS, our regional multiple listing system, 141 homes have been listed for sale from May 23–29 in the City of Alexandria and the Alexandria area of Fairfax County. Keep in mind that this timeframe included the long Memorial Day weekend.
Prices range from $139,900 for a 1-bedroom condo at Huntington Club to $2,149,000 for a 6-bedroom home in Belle Haven Estates. The breakdown by property type is: 49 condos, 41 townhomes, and 51 detached homes. 11 of the listings already have ratified contracts and 35 are in Coming Soon status.
213 Ashby Street Alexandria
4714 Major Court Alexandria
6218 Thornwood Drive Alexandria
1712 W Abingdon Drive 102 Alexandria
Let’s take a look at some of our just-listed properties from the past week:
For more information, reach out to your favorite local Realtor. Happy House Hunting!
Note: Open house information may change. Please click on the website link to verify.
Corcoran McEnearney, 109 S. Pitt Street, Alexandria, VA 22314, corcoranmce.com. Each office is independently owned and operated. Equal Housing Opportunity.
