Washington Business Journal Honors City of Alexandra for Development Projects
ALEXANDRIA, VA-Washington Business Journal recently honored Alexandria for two development projects during its annual regional awards program.The city’s agreement with Inova Health System to redevelop Landmark Mall won “Best Deal of the Year” for 2020. The Bloom at Braddock, the affordable housing project led by Carpenter’s Shelter and Alexandria Housing Development Corporation, won “Best Redevelopment” for 2020.
“We are truly honored to have received these accolades,” said Mayor Justin Wilson. “Redeveloping the Landmark Mall area in concert with locating and establishing a new, state-of the-art hospital center will generate economic growth for the West End, enhance the city’s ongoing plans for the area, and help increase access to health care for all Alexandrians.”
For the Landmark site, the city is providing public financing through the issuing of bonds. $76 million will go to improving infrastructure and $54 million will be used to purchase three parcells of land on the property. The parcels will then be leased to Inova to build a new hospital. The area will be welcome the surrounding community by including access to transportation, retail shops and entertainment offerings.
The Bloom at Braddock is a 17,000-square-foot homeless shelter/affordable housing complex that features amenities such as a medical clinic and laundry services. The $52 million project houses 97 apartments, all of which were leased by December of last year.
The awards mark the third time in eight years that Alexandria has been recognized by Washington Business Journal. In 2018 the city was honored for the Virginia Tech Innovation Campus. Five years prior, it was honored for the National Science Foundation headquarters on Eisenhower Ave.
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