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Investment Overview

Hoffman Blocks 11 & 12 represent two of the most prominent residential development sites on the east coast of the United States. The access to and visibility of both properties is exceptional, and the in-place renter base will allow for seamless marketing opportunities. More importantly, the physical location of Blocks 11 & 12 to Amazon’s East Coast Headquarters will create a surge in demand, rents and occupancy similar to what has taken place in other markets across the country.

Exceptional Access & Visibility

  • Direct access from the Capital Beltway (Interstate 495) and Interstate 95 – 215,000 average daily car count
  • Steps away from the Eisenhower Metro Station providing service throughout the Washington DC region via the Yellow Line Metrorail – 2,000 riders per day
  • Minutes from the Amtrak/VRE regional train located at Duke Street
  • Centralized position between three of the major vehicular arteries – Eisenhower Avenue, Telegraph Road, and Duke Street
  • Tremendous marketing visibility from both Eisenhower Avenue and Interstate 495/95

Established Renter Base: Superior Marketing Advantage

  • Close proximity to large office users, thousands of employees, and Metro
  • National Science Foundation
  • U.S. Patent and Trademark Office
  • Eisenhower Avenue Metro Stop – 2,000 riders per day

The Amazon Effect on Future Demand: Residential & Office

With Amazon delivering 40,000+ direct and indirect jobs to the area, there will become a need for increased housing options at varying price points near the new East Coast Headquarters. A further need will also be created for office users that support, directly / indirectly, Amazon’s operation in Northern Virginia and Hoffman Town Center will become a perfect option being separated by only 3-Metro Stops.

Development Recommendations

The new plan for the Eisenhower Area of Alexandria has unlocked the development potential of the properties as the framework shifted from an FAR based recommendation to a formula based on height, open space, parking, design, and sidewalk dimension parameters. The table below has both the older, 2003, base density recommendations along with the new recommendations for height. The 2003 data will be used as a baseline recommendation for calculating community benefits only but is useful for planning purposes.

Notes: 1. Minimum percentage commercial area can be shared between Block 2 and 3 to achieve minimum commercial area above. 2. Open space shown on C400 as distributed over Blocks (2 A/B and 3 A/B) may be consolidated.

FOR INVESTMENT OPPORTUNITIES, PLEASE CONTACT:

W. Judson Ryan 202.664.5928
 jud.ryan@nmrk.com

Mark Anstine 703.575.2101 mark.anstine@nmrk.com

James P. Cassidy 202.664.5905
 james.cassidy@nmrk.com

Grant Marley 202.312.5749 grant.marley@nmrk.com