234-Unit Development Planned Along Alexandria Waterfront Secures Financing

• March 1st 2024

by UrbanTurf Staff

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One of the largest residential projects planned for the Alexandria waterfront is moving forward. 

TideLock, a mixed-use development that will consist of 169 apartments and 65 condominiums plus retail and arts space, secured financing this week from the investment firm Kennedy Wilson, and plans to start construction this month. Community Three and Whitaker Investment are developing the project. 

TideLock will convert three office buildings at 1033, 1055 and 1111 N. Fairfax Street (map), formerly occupied by the American Physical Therapy Association. In the works since 2020, the securing of financing this week puts a completion date on the horizon for 2026. 

The project will offer a range of amenities including a courtyard an expansive rooftop deck, and 80% of the units will have terraces or balconies. It will also be one of the only developments along the riverfront where the residences will offer unobstructed views of the Potomac. 

"Working hand in hand with Clark Construction, we will ensure the delivery of a vibrant mixed-use development that will be additive for the surrounding community in Old Town North," Community Three senior vice president David Yampolsky said. 

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/234-unit_development_planned_along_alexandria_waterfront_secures_financing/22030.