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520-Unit MXU Community Launched in Virginia
Perseus TDC, an affiliate of Transwestern Development Co., and its partner Four Points LLC commenced construction on the conversion of 200 Stovall St. in Alexandria, VA. When completed, the mixed-use project will consist of 520 apartment units and 25,000 square feet of ground-floor retail space. The first units are expected to deliver in fourth quarter 2019
Perseus TDC’s Adam Peters says, “This property will bring an immediate vibrancy to what was previously a vacated government office building, and provide tenants with an inclusive live/work/play lifestyle.”
The property, a vacated, former government office building, is planned to include 50 studios, 292 one-bedroom units and 178 two-bedroom units. It will feature a three-story fitness facility, sports bar, co-working lounge, and more than 10,000 square feet of rooftop amenities, including a pool, lounge, fireplace and dining area.
Boston-based investment manager ELV Associates is the majority equity partner.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
