News - May 27, 2016

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On a 16-acre tract of industrial park opposite Potomac Yard on Route 1, StonebridgeCarras is planning an ambitious 1.5M SF mixed-use development. The first phase is slated to arrive in summer 2019. For Phase 1, the developer looks to deliver a 130k SF office building, 132k SF of retail, a 190-key hotel, 400 apartments and 130 condos. Cooper Carry is handling design duties, while KLNB will secure retail leasing. The development site is part of a planned 20-acre industrial park known as Oakville Triangle, which sits across the street from another huge mixed-use project, Potomac Yard. Oakville will be roughly a quarter of a mile away from the future Potomac Yard Metro station, expected to bring an influx of new residents and development. As part of the plan recently approved by the Alexandria City Council, Stonebridge has also committed to $2M in improvements for Mount Jefferson Park, $7.8M in on-site affordable housing, and $1.6M to upgrade the intersection of Route 1 and Glebe Road.