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Washington DC  + DC Metro  + Healthcare  | 
Reimagining of the Landmark in Alexandria, VA

Alexandria Initiates Redevelopment of Landmark with $54M Land Purchase

Landmark Land Holdings, LLC, has sold an 11-acre parcel of land at the site of the former Landmark Mall to the City of Alexandria’s Industrial Development Agency for $54 million. Concurrently, the IDA entered into a 99-year ground lease with Inova Health System for the land, which will be the location of its new Alexandria hospital.

According to the LLC, the activity marks an impending transformation of the underutilized Landmark Mall site into a mixed-use, walkable urban neighborhood which will anchor the revitalization of the West End of Alexandria. Inova will invest $1 billion to create an entire medical campus that will employ more than 2,000 health care workers.

Addition development plans include residential, retail, commercial and entertainment offerings integrated into a neighborhood with a central plaza, a network of parks and public spaces and a transit hub. Affordable and workforce housing will be enhanced through developer contributions and co-location with community facilities.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Development