vision - process
- capabilities - experience
Yard, a 300 acre site located in the City of Alexandria and Arlington
County, Virginia, had seen six master plan schemes in twelve years,
all of which failed. Via a joint-venture with Lazard Freres and
CommonWealth Partners (CommonWealth Atlantic Properties), the
firm set to own and re-entitle the land.
plan for the Alexandria portion of the site is highlighted by
a new "Town Center". The plan also includes 1.9 million
sq. ft. of office space, a 625-room hotel, 135,000 square feet
of neighborhood retail space and approximately 1,900 residential
units. The plan for the Arlington site includes 2.8 million sq.
ft. of office space, a 625-room hotel, 100,000 sq. ft. of neighborhood
retail space, approximately 1,000 residential units and a 25 acre
approved plans provide for the creation of high-quality mixed-use
communities of townhouses, apartments, hotels, retail, offices,
substantial active and passive open space, pedestrian-friendly
neighborhoods, parks and playfields, and a transit-oriented transportation
system. Net fiscal benefits to the Arlington and Alexandria communities
over a 20-year period are projected to exceed $500 million.