Perseus, Four Points Begin Construction on VA Mixed-Use

By IvyLee Rosario

Rendering of 200 Stovall St., Alexandria, Va.

An affiliate of Transwestern Development Co., Perseus TDC and Four Points LLC have begun construction on the conversion of 200 Stovall St. in Alexandria, Va., to a mixed-use property offering 520 apartments and 25,000 square feet of ground-level retail. ELV Associates is the majority equity partner, Cooper Carry is the architect and Balfour Beatty PLC is the general contractor for the project. 

The finished development will comprise studio, one- and two-bedroom floorplans, expected for delivery in the fourth quarter of 2019. Residents will have access to amenities such as:

• three-story fitness facility
• sports bar
• co-working lounge
• 10,000 square-foot rooftop 
• pool 
• lounge
• fireplace 
• dining area

Located across from the Eisenhower Metro station, 200 Stovall St. is situated within Hoffman Town Center, which also offers restaurant, retail and entertainment options, as well as being home to the National Science Foundation headquarters. Across the street from the development will be a planned one million-square-foot mixed-use development scheduled to break ground in 2019, which will feature a Wegmans supermarket that will anchor further retail and residential properties in the area.

“We are excited to work on such a creative project and provide the Alexandria market with a sophisticated and amenity-rich community,” said Adam Peters, executive vice president at Perseus TDC. “This property will bring an immediate vibrancy to what was previously a vacated government office building and provide tenants with an inclusive live/work/play lifestyle. The mix of healthy employment opportunities, amenity-rich environments, proximity to supermarkets and access to metro stations has proven to be a strong driver of residential demand in the marketplace.”

Rendering courtesy of Perseus TDC