Alexandria Breaks Ground on $310M Multifamily Project in NoVa
Alexandria Multifamily Project: New Urban Development Amidst Northern Virginia's dynamic real estate market, the Alexandria Multifamily Project emerges as a formidable player. Strategically positioned near Interstate 495 and Alexandria's vibrant downtown, this project showcases modern urban development. Key partners Jair Lynch Real Estate Partners and Asland Capital Partners have united to construct this multifamily housing complex. It integrates critical aspects of affordable housing and community amenities. The project will feature 310 residential units, with 100 specifically designated for affordable housing. This initiative is supported by $22 million from Low-Income Housing Tax Credits (LIHTC) and $100 million in permanent financing. Such funding underscores the commitment to creating inclusive living environments in Alexandria. The development aims to considerably increase housing density, promoting a vibrant community for all income levels. Scheduled to span 27 months, t...