JBG SMITH is proposing building 750 new multifamily, townhome and affordable housing units in Potomac Yard next to Target on land that is currently vacant.
"JBG SMITH’s plan addresses the region’s acute need for quality housing options near mass transit by providing a diverse blend of housing types across four vacant, under-utilized parcels in proximity to the Potomac Yard Metro station. These buildings will complete a quarter century of development within the southern portion of Potomac Yard," the company announced.
There will be a community meeting on Monday evening about the new project this coming Monday, Dec. 16 at 7 p.m. at the American Physical Therapy Association’s Headquarters at 3030 Potomac Ave.
JBG SMITH is proposing approximately 550 units (~684,000 square feet) of multifamily residential across two story buildings on one site, 100 units of affordable housing on another site and 116 single-family townhome units (offered for sale) on a third site.
There are no renderings available at this time.
"We are eager to kick off the City of Alexandria's robust review and input process and look forward to engaging with members of the community," said Taylor Lawch, Senior Vice President of Development at JBG SMITH, in a release. “The region is in desperate need of new housing. Our proposal seeks to provide a healthy mix of rental, for-sale and dedicated Affordable Housing options for those who wish to call Potomac Yard home, no matter their budget or household size. In addition, this plan will generate significant additional tax revenues that will be used to help pay for the new Metro station at Potomac Yard, while also maintaining and strengthening the quality of local resident services.”
KTGY Architects
Parcels being prepared for residential development by JBG SMITH.
