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Robert Powell, III// August 30, 2016//
Reston-based Comstock Holding Cos. Inc. acquired the Totten Mews project in Washington, D.C., and plans to acquire and develop The Towns at 1333 in Old Town Alexandria.
Totten Mews includes 40 townhomes near the Fort Totten Metro in northeast Washington. The Towns at 1333 includes 18 townhomes on Powhatan Street in Alexandria. Both communities are expected to begin development and construction this fall.
The projects are being funded by the proceeds from a $14.5 million private placement by Comstock Investors X, a company subsidiary.
Totten Mews will offer three-story townhomes priced from the low $600,000s while The Towns at 1333 will offer four-story townhomes priced from the low $900,000s. Sales are scheduled to begin next month.
Comstock is a multi-faceted real estate development and services company that builds a wide range of housing products under its Comstock Homes brand through its subsidiary, Comstock Homes of Washington LC.
