ALEXANDRIA, VA — March 17, 2026 — Construction has officially begun on Aspect, a new Class-A multifamily and mixed-use residential community that will be the first residential development delivered as part of WestEnd Alexandria, one of the region’s most transformative placemaking initiatives.

The groundbreaking marks a significant milestone in the long-planned revitalization of the 52-acre property into a vibrant, walkable town center that will serve as a new focal point for Alexandria’s West End.

Aspect is being developed by Foulger Pratt in partnership with Silverstein Properties and Howard Hughes Communities, with financing provided by Truist Bank, as administrative agent, and Atlantic Union Bank.

WestEnd Alexandria is anchored by Inova’s new $2 billion state-of-the-art hospital campus spanning more than 1.1 million square feet — one of the largest healthcare investments in Northern Virginia’s history. Once complete, the district will include more than 2,500 residential units, approximately 300,000 square feet of retail, 100,000 square feet of medical office space, four acres of parks and open space, and a new regional transit hub designed to connect the West End with the broader region.

Within this emerging district, Aspect will deliver 390 modern apartment residences and approximately 66,000 square feet of ground-floor retail designed to activate the surrounding streets and public spaces. The seven-story development will consist of two buildings connected by a majestic sky bridge containing the project’s fitness center and shared resident amenities.

Aspect has already secured a 16,000-square-foot lease with Tierra Encantada, a nationally recognized Spanish-immersion early education provider, which will serve as the development’s retail anchor.

“We are thrilled to see the first multifamily residential building begin construction at the former Landmark Mall site,” said Jay Kelly, Senior Vice President of Foulger Pratt. “This milestone represents the culmination of years of planning and collaboration with the City of Alexandria and our partners to bring a transformative vision to life. Breaking ground on a project of this scale despite today’s economic uncertainties speaks to the strength of Alexandria and the long-term potential of the West End.”

“The redevelopment of the Landmark Mall site represents a once-in-a-generation opportunity to create a vibrant new center for Alexandria’s West End,” said David O’Reilly, Chief Executive Officer of Howard Hughes. “Aspect is an important early step in bringing that vision to life which delivers housing, retail, and walkable amenities that will help shape the future of this community.”

Residents of Aspect will benefit from the broader connectivity and amenities of WestEnd Alexandria, including walkable access to parks, plazas, retail, dining, and healthcare services. The development also offers convenient access to Interstate 395, Duke Street, Van Dorn Street, and nearby transit options, providing seamless connectivity throughout Northern Virginia and the greater Washington, D.C. region.

“Aspect represents an important step in bringing the broader vision for WestEnd Alexandria to life,” said Alex Cosio, Deputy Portfolio Manager at Silverstein Properties. “As the first residential community within this transformative redevelopment, it will help establish a vibrant, walkable neighborhood that integrates housing, retail, and community-focused amenities while supporting the continued growth of Alexandria’s West End.”

The project is expected to generate hundreds of construction jobs and support continued economic growth across Alexandria’s West End.

With construction now underway, delivery is anticipated in the first quarter of 2028. Upon completion, Aspect will play a central role in establishing WestEnd Alexandria as a premier mixed-use destination and a new residential hub for the City of Alexandria.

For more information visit https://westendva.com

About Foulger Pratt: Established in 1963, Foulger-Pratt is a real estate investment and development firm distinguished by its long-term focus and extensive experience executing successful mixed-use, transit-oriented projects. The firm’s disciplined culture and vertically integrated platform have enabled it to develop more than 15 million square feet of commercial office, multi-family residential and retail projects. Foulger-Pratt is privately owned, led, and staffed by many of the industry’s most talented professionals. The firm’s culture has been carefully cultivated for the last half-century through deliberate effort to operate consistently in accordance with specific core values. The result is a reputation of unmatched integrity, accountability and vision. For more information, visit www.foulgerpratt.com.

About Howard Hughes Communities™: Howard Hughes Communities, the real estate platform of Howard Hughes Holdings Inc. (NYSE: HHH), develops, owns, and operates the nation’s premier large-scale master planned communities and mixed-use developments. The company’s award-winning assets include The Woodlands®, Bridgeland® and The Woodlands Hills® in Greater Houston; Summerlin® in Las Vegas; Teravalis™ in Greater Phoenix; Ward Village® in Honolulu; and Merriweather District® in Columbia, Maryland. The Howard Hughes Communities portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. For additional information, visit communities.howardhughes.com.

About Silverstein Properties: Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York founded by Larry Silverstein. Silverstein Properties has developed, owned and managed more than 45 million square feet of commercial, residential, retail and hotel space. Recent projects include 7 World Trade Center, the first LEED-certified office tower in New York City (2006), 4 World Trade Center (2013), the Four Seasons Downtown (2016), One West End (2017) and 3 World Trade Center (2018). The company has been recognized as one of the “Best Places to Work in New York City” by Crain’s New York Business for eight years in a row. For more information on Silverstein Properties, please visit www.silversteinproperties.com.