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redevelopment

Fredericksburg Industrial Park. Photo courtesy Cushman & Wakefield | Thalhimer
Jan 18, 2021

Four industrial buildings in Spotsylvania County sell for $14M

Four industrial buildings in Spotsylvania County sold for $14 million and will be redeveloped into an apartment complex, Cushman & Wakefield | Thalhimer announced Monday. The 495,830-square-foot, four-building Fredericksburg Industrial Park is located at 11800-11900 Main Street and 10857 Houser Drive in Spotsylvania County. Monument Cos. plans to redevelop the property into 525 one- and [&hell[...]

Landmark redevelopment rendering courtesy the city of Alexandria.
Dec 22, 2020

$1B Inova medical campus to anchor redevelopment of Alexandria’s Landmark Mall

The city of Alexandria announced Tuesday that Inova Health System will build a $1 billion medical campus at the 51-acre site of the former Landmark Mall — anchoring a new 4 million-square-foot mixed-use development in the city’s West End that will also include residential, commercial, retail and entertainment. The medical campus, which will employ more […]

Potomac River Generating Station. Photo courtesy Hilco Redevelopment Partners
Nov 16, 2020

Shuttered Alexandria power plant making way for mixed-use development

A former coal-fired power plant in Alexandria will become home to a mixed-use development along the Potomac River.  Chicago-based Hilco Redevelopment Partners (HRP), a Hilco Global business unit, announced Monday it purchased the 71-year-old Potomac River Generating Station site, which encompasses approximately 20 acres. HRP acquired the property through an agreement negotiated with Potomac Elect[...]

Norfolk buys former Military Circle hotel for $2.4M
May 8, 2020

Norfolk buys former Military Circle hotel for $2.4M

Less than a week after Norfolk announced its purchase of the Military Circle Shopping Mall for $11 million, the Norfolk Economic Development Authority (EDA) said Thursday it has also approved a plan for the city to purchase the former DoubleTree Hotel at Military Circle for $2.4 million.  The hotel property was listed for sale for […]

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