Nearly 1 million square feet of new development at Carlyle Crossing in Alexandria is rounding the finish as tenants begin moving in.
The $400 million megaproject — highly visible along a stretch of the Capital Beltway — has begun leasing out its 741 residential apartments, which will sit above 210,000 square feet of retail, most notably a Wegmans grocery store. Bethesda’s Stonebridge Associates and Chicago-based Creek Lane Capital have been building the multitower development, an expansion of Hoffman Town Center, for more than two years. The project along Mandeville Lane is slated to deliver of its first two towers — Reese and Dylan — next month.
In all, the project has 930,000 square feet of new construction across 5 acres, including 720,000 square feet of residential space and 210,000 square feet of retail anchored by the 84,000-square-foot Wegmans. The final phases of the Cooper Carry-designed project, including the Easton tower along the northern part of the property, will…
Read the full story from the Washington Business Journal.
