ALEXANDRIA, VA-MRP Realty and AEW Capital Management are teaming up to develop a mixed-used property at the Huntington Metro Station here. The partners, via a JV, acquired 2550 Huntington Ave. in late December and have rezoned the six-acre parcel to build a 360 apartment units, a 110,000-square-foot hotel and a 260,000 square foot office building.
MRP Residential will begin construction on the apartment community this year. The project also calls for a public bike trail that will run parallel to Cameron Run.
SK&I Architectural Design Group will design the residential project. David Webb of Cassidy Turley represented MRP Realty on the equity financing.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
