Construction Begins on Apartment Building in Old Town Alexandria – Alexandria Living Magazine

American Real Estate Partners (AREP) has announced the official start of construction onCityHouse Old Town, the company's latest luxury rental development for the firm's residential platform: CityHouse. Joining them is AREP's strategic investment partner Silverpeak Real Estate Partners.

The new apartment building will be located at 1101 King St. AREP is converting the building's office space into apartments. The building, which dates to 1983, was a former home to the American Society of Travel Agents and other offices although the building has been 80 percent vacant in recent years.

Located in the heart of King Street in Old Town, AREP is converting theformer 200,000 SF office building and transforming it into an apartment building. Pre-leasing on CityHouse Old Town will begin in the Summer of 2025, with construction to be completed later that fall.

CityHouse Old Town is the convergence of location, floor plate, and basis, which offers a unique opportunity for our partners, said Brian Katz, co-founder and president ofAREP. Developing amenity-rich properties with ample space in walkable edge cities is a key tenet of our residential strategy. CityHouse Old Town highlights our vision for distinctive, sought-after destinations and were thrilled to get construction underway.

The CityHouse community will include approximately 200 homes ranging in size from 525 square-foot studios to deluxe three-bedroom apartments with a den to accommodate hybrid work. Additionally, the building's tiered design allows for private wraparound terraces for the majority of homes.

Punctuating its unique features and ideal location nearthe King Street Metro, the seven-story

property with its six-story interior atriumrises above the surrounding buildings. The rooftop terrace will provideviews of Old Town, the riverfrontand DC monuments. CityHouse Old Town will also feature aconcierge, private club suiteand state-of-the-art fitness facility.The location is near a wide array of nearby bars and restaurants.

"Where you are says a lot about who you are, and CityHouse Old Town epitomizes AREP's strategy of creating extraordinary places where people want to be. CityHouse Old Town is not just a residence it's a sensibility," saidMark Taylor, managing director of Residential for AREP.

To ensure that the investment team'sdevelopment visionfor CityHouse Old Town was met, AREP selected an award-winning design and construction team: Cooper Carry led the redevelopment design, residential hospitality design studio RD Jones designed the interior spacesand Hoar Construction is the general contractor. Bozzuto Management continues its partnership with AREP and will serve as property manager once CityHouse Old Town delivers in Fall 2025.

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Construction Begins on Apartment Building in Old Town Alexandria - Alexandria Living Magazine