StonebridgeCarras and PCCP announced that a series of transactions has been completed that will allow the development of the Oakville Triangle mixed-use development project in Alexandria, Va., proximate to the Del Ray neighborhood, National Landing, the new Potomac Yard Metro Station and the Virginia Tech Innovation Campus. Oakville Triangle is a 1 million-square-foot master-planned development. The initial phase will include:
Inova Health System’s new four-story, 95,000-square-foot HealthPlex
84 townhouses under contract to be developed by Tri-Pointe Homes
Potomac Yard Mini U Storage, a 103,000-square-foot self-storage building that will be completely renovated and is now owned and managed by affiliates of Dahn Corporation
571 new multifamily units and 37,000 square feet of retail fronting on Richmond Highway
The Oakville Triangle project is located prominently on the Richmond highway (Route 1), adjacent to National Landing, P