Rendering courtesy of AREP
Terrace view from CityHouse Old Town
American Real Estate Partners (AREP) has announced the official start of construction on CityHouse Old Town, the company's latest luxury rental development for the firm's residential platform: CityHouse. Joining them is AREP's strategic investment partner Silverpeak Real Estate Partners.
The new apartment building will be located at 1101 King St. AREP is converting the building's office space into apartments. The building, which dates to 1983, was a former home to the American Society of Travel Agents and other offices although the building has been 80 percent vacant in recent years.
Located in the heart of King Street in Old Town, AREP is converting the former 200,000 SF office building and transforming it into an apartment building. Pre-leasing on CityHouse Old Town will begin in the Summer of 2025, with construction to be completed later that fall.
“CityHouse Old Town is the convergence of location, floor plate, and basis, which offers a unique opportunity for our partners,” said Brian Katz, co-founder and president of AREP. “Developing amenity-rich properties with ample space in walkable edge cities is a key tenet of our residential strategy. CityHouse Old Town highlights our vision for distinctive, sought-after destinations and we’re thrilled to get construction underway.”
The CityHouse community will include approximately 200 homes ranging in size from 525 square-foot studios to deluxe three-bedroom apartments with a den to accommodate hybrid work. Additionally, the building's tiered design allows for private wraparound terraces for the majority of homes.
Punctuating its unique features and ideal location near the King Street Metro, the seven-story
Rendering courtesy of AREP
Terrace view at 1101 King St. in Old Town Alexandria
property with its six-story interior atrium rises above the surrounding buildings. The rooftop terrace will provide views of Old Town, the riverfront and DC monuments. CityHouse Old Town will also feature a concierge, private club suite and state-of-the-art fitness facility. The location is near a wide array of nearby bars and restaurants.
"Where you are says a lot about who you are, and CityHouse Old Town epitomizes AREP's strategy of creating extraordinary places where people want to be. CityHouse Old Town is not just a residence — it's a sensibility," said Mark Taylor, managing director of Residential for AREP.
To ensure that the investment team's development vision for CityHouse Old Town was met, AREP selected an award-winning design and construction team: Cooper Carry led the redevelopment design, residential hospitality design studio RD Jones designed the interior spaces and Hoar Construction is the general contractor. Bozzuto Management continues its partnership with AREP and will serve as property manager once CityHouse Old Town delivers in Fall 2025.
