The Exchange at Potomac Yard in Alexandria just began construction a couple months ago, after seven years in the planning stages, D.C. Curbed reports. This first residential building at the Exchange at Potomac Yard will be The Arlic, a 323-unit apartment building that should be complete in late 2014.
A Potomac Yard Metro stop near the Exchange at Potomac Yard is also on the horizon, with development
MRP Realty and JBG are developing The Exchange at Potomac Yard to include 2 million square feet of mixed-used development just north of Old Town. Rendering of the Arlic at the Exchange at Potomac Yard depict a modern, roughly six-story building. A second residential site could break ground before the end of the year on the 14-acre property.
The Exchange at Potomac Yard is one of several new developments in the Alexandria area, adding more residential units to the outer ring of the city’s bursting rental market. A new project at 500 Madison Street broke ground last year to include a Harris Teeter and affordable housing options. It’s more than 51,000 square feet and will include 175 units in its Kingsley building. Completion on this project is slated for 2014.
Alexandria is a city about six miles south of Washington D.C. along the Potomac River. One of the largest employers here is the Department of Defense. Its historic center of Old Towne is full of restaurants and boutiques. For renters who want to be close to this as well as to a growing waterfront area, there will likely be several options in the Exchange at Potomac Yard.
For More Information:
Rock Creek Realty: http://www.rcrdc.com/
The Exchange at Potomac Yard: http://www.potomacyardhoa.com/2013/04/the-exchange-at-potomac-yard.html
Potomac Yard Metrorail: http://potomacyardmetro.com/