Three properties owned by UVA or the University of Virginia Foundation have been selected as the sites proposed for a new housing development initiative.
Abramson Embarks on Northern Virginia Office-to-Condo Conversion
The 66,000-square-foot revamp is one of the several adaptive-reuse projects currently reshaping Alexandria s Old Town. Jan262021
Rendering courtesy of Finmarc Management Inc.
Seemingly unbothered by the onset of the pandemic almost a year ago, Alexandria, Va.’s built environment has been revived by a number of new residential projects shaping up across the city. Some of them propose the adaptive reuse of vacant commercial buildings, including office, industrial and hospitality space.
Local player Abramson Properties is among the companies that officially undertook such a project earlier this year when it purchased an unused, four-story office property in Alexandria’s historic Old Town neighborhood. With clear plans to convert the roughly 66,000-square-foot property at 801 N. Fairfax St. into a 54-unit condominium property, the buyer paid $13.1 million to Finmarc Management Inc. for the building