Foulger-Pratt Renames Former Landmark Mall Site
Potomac, MD, February 1, 2022 – Foulger-Pratt, a real estate investment and development firm distinguished by its long-term focus and extensive experience executing successful mixed-use projects, announces today it has renamed the former Landmark Mall property in Alexandria, Virginia, West End Alexandria.
“Today’s announcement marks an important step in what will be an exciting transformation of West End Alexandria,” stated Cameron Pratt, Managing Partner & Chief Executive Officer of Foulger-Pratt. “West End will not be a new community, but rather an infrastructure to enable the existing community to thrive. West End Alexandria will represent the best in what community can offer – a welcoming, inviting, inclusive space for business, medical care, residential opportunities as well as shopping and dining.”
In November of last year Foulger-Pratt, along with investment partners The Howard Hughes Corporation® (NYSE: HHC) and Seritage Growth Properties (NYSE: SRG), announced the successful sale of an 11-acre parcel of land at the West End Alexandria site to the City of Alexandria’s Industrial Development Agency (“IDA”) for $54 million. Concurrently, the IDA entered into a 99-year ground lease with Inova Health System for the land, which will be the location of their new Alexandria hospital. The remaining portions of the site, set to begin development this spring, include a mix of residential, retail, commercial, and entertainment offerings integrated into a cohesive neighborhood with a central plaza, a network of parks and public spaces, and a transit hub serving bus rapid transit (BRT), DASH, and Metrobus.
Affordable and workforce housing will be enhanced through developer contributions and co-location with community facilities such as a new Alexandria Fire-EMS station. Demolition of the former mall is slated to begin this spring with the first buildings delivering in 2025.
The three joint-venture partners first announced their vision for the revitalization of the former Landmark Mall in December 2020, including plans for Inova’s new hospital campus to serve as a catalyst for the much-anticipated development of the entire West End Alexandria. Inova Health System, the leading nonprofit health care provider in Northern Virginia, will invest $1 billion to create a new medical campus, anchored by the relocation and expansion of its Alexandria hospital.
For additional information on West End Alexandria development, visit westendVA.com or follow along on Facebook @WestEndVA and Instagram @WestEndVA.
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. by its long-term focus and extensive experience executing successful mixed-use, transit-oriented 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.
Collins & Co.