November 30, 2021

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Stonebridge Sells Piece Of Oakville Triangle Site To Townhouse Builder

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Town of Alexandria

A website strategy for the townhouse advancement on Block D of Oakville Triangle.

The Oakville Triangle growth in Alexandria’s Potomac Lawn community is using new methods forward.

Stonebridge is underneath agreement to provide a 3.5-acre piece of the internet site to Winchester Homes to develop an 84-device townhouse project, Stonebridge principal Doug Firstenberg tells Bisnow. He declined to disclose the sale price. 

Winchester Residences filed a concept plan with Alexandria this month for the task, which sits at the intersection of Oakville Road and Swann Avenue. The parcel is identified as Block D of the Oakville Triangle website, a block that has been prepared for a a lot less dense growth than the rest of the web page. 

“This is an significant element for us in phrases of just having all the pieces alongside one another to put into action the to start with period, so we’re definitely fired up,” Firstenberg explained.

Stonebridge’s to start with period of a blended-use enhancement on Oakville Triangle is scheduled to go in advance of the Town Council Saturday. The strategy calls for a 324-unit apartment setting up with 40K SF of retail on Block A1, a 235-unit condominium developing with 15K SF of retail on Block B and a 93K SF health treatment facility on Block A2. 

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A rendering of the Inova HealthPlex planned at the Oakville Triangle enhancement.

Inova Wellbeing System reached an agreement with the developer in March to create the facility, that includes an emergency area, outpatient center and healthcare workplaces. Inova also previous thirty day period signed a deal to relocate its Alexandria Medical center to the redevelopment of Landmark Mall. 

Firstenberg claimed he aims to start off infrastructure work at Oakville Triangle by late Q2, and the apartment properties, wellbeing heart and townhouses are expected to produce by late 2023 or early 2024. 

The Oakville Triangle advancement experienced at first been eyed for the Virginia Tech Innovation Campus, but the college in June 2019 pivoted to the website of the Potomac Yard Procuring Heart throughout Route 1.

JBG Smith, the master developer of the searching center web page, declared last week it will start off demolition and infrastructure do the job on the 1.7M SF Virginia Tech campus this thirty day period. The 65-acre shopping heart internet site is in the long run planned for 7.5M SF of combined-use growth.

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