Greenhill Capital Corporation has submitted a plan to Alexandria’s Planning and Zoning Department which will sit upon 24 acres of ground they own in the area where South Van Dorn, Edsall Road, and South Pickett Street intersect.
Picket Place, a 3.1 million square foot mixed-use compound would be complete in ten years.
According to The Washington Business Journal, “The city’s plan for the area calls for a network of new streets with a mix of commercial, residential and retail uses and a new public square. Pickett Place would include 2,400 residential units, a 150-key hotel, 300,000 square feet of retail and “some office,” Greenhill Principal Richard Greenberg said. Greenhill is working on the project with Michael Winstanley Architects and Planners. Giant Foods, which has nine years left on its lease at Greenhill’s Van Dorn Station, would be included in the new development.”
The Pickett Place development could dwarf The Landmark Mall redevelopment, which levels the existing buildings, including Macy’s, and converts the 11.4 acres a quarter million square feet of retail, restaurants, and apartments.
The Journal cited that a multimodal bridge over Backlick Run and the Norfolk Southern tracks is essential, which would join Pickett Place with the Van Dorn Metro station. They further reported that “Greenhill would be willing to contribute to that construction in to-be-determined proffers, the project depends on the cooperation of the city of Alexandria and Norfolk Southern, Greenberg said.
“Norfolk Southern has not played ball at this point,” Greenberg said. “The amount of retail proposed cannot be supported without the density and the density cannot be supported without the bridge.”