EYA, Simpson Development Secure Approval for Old Town Alexandria Townhome Project
Bethesda-based EYA, LLC, and Simpson Development Company, Inc., have secured entitlement for 333 N Fairfax, a new 32-unit townhome community in Old Town Alexandria.
The milestone marks a significant step toward transforming the underutilized office site into a for-sale residential neighborhood. Located just three blocks from King Street and one block from the Potomac River, the community will feature fee-simple townhomes, including two affordable units, each with private elevators and rooftop terraces.
“333 N Fairfax is a strong example of our disciplined approach to complex infill—identifying high-quality sites where we can unlock value and enhance communities through thoughtful planning, efficient execution, and close collaboration with our partners and local municipalities,” said Jack Lester, Executive Vice President of Acquisition and Development at EYA.
The project is expected to generate significant long-term value for the landowner while contributing new housing inventory and tax revenue to the city. Groundbreaking is anticipated in spring 2027, with sales expected to begin in fall 2027.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout