Original article by Bisnow, Jon Bannister, June 7, 2017
The robust development pipeline at Alexandria’s Braddock Road Metro got a push forward Tuesday evening. Alexandria’s Planning Commission voted to approved Phase 2 of Braddock Gateway, a 258-unit mixed-use building. Jaguar Development’s project will also include 8K SF of retail and a 28K SF park. Jaguar Development managing partner Eddy Cetina called the Phase 2 approval a big step. She said she expects to break ground in about 12 months after completing the construction documents and securing the building permits. After getting Phase 1 of the development entitled, Jaguar sold the parcel to Trammell Crow in 2011 for $14M. The developer brought on WashREIT as a partner and broke ground on the 15-story, 270-unit residential building in December 2015 with a delivery expected this year. The planned third phase would add a 317K SF mixed-use building with 250 to 300 units and 8K SF of retail, completing the seven-acre site. Next to Jaguar’s project, Avanti Holdings Group is planning a 100K SF development, likely multifamily or hospitality, on the site of an industrial property it bought last year. UPDATE, JUNE 8, 11:00 A.M.: While it originally partnered with WashREIT in the acquisition of Braddock Gateway Phase 1, Trammell Crow informed Bisnow that it has since replaced them with Meadow Partners in the deal.
Read more at: https://www.bisnow.com/washington-dc/news/mixed-use/alexandrias-braddock-gateway-phase-2-moves-forward-75292?be=jsimon%40klnb.com&utm_source=Newsletter&utm_medium=email&utm_campaign=thu-08-jun-2017-000000-0500_dc-re?utm_source=CopyShare&utm_medium=Browser