Harrison Fowler - Real Estate Agent

Hilco (HRP) Purchased the old PRGS for 47 million Dollars in Old Town Alexandria, VA. They plan to redevelop this site and transform it into a mixed-use development the size of the Wharf in Washington, DC, for size reference.

More Info- Youtube Video!
https://youtu.be/tgsK4Tpl8D
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Old Town is Alexandria's beloved downtown and nationally designated historic district on the Potomac River waterfront. The King Street Mile and surrounding brick-lined sidewalks are studded with centuries-old architecture, historical attractions, and independent businesses.

Old Town is a unique waterfront town blending perfectly modern and historical architecture. This charming town offers plenty of local art galleries, small businesses, eateries, retail, and much more.

Despite community renovation, Old Town Alexandria, VA, maintains a homely feel, with vast amounts of green space throughout the town. There is a vibrant lifestyle here, with various activities from craft beers to boats within walking distance.

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Exciting developments are underway in Old Town North, including the PRGS Potomac River Generating Station, purchased for $47 million by Hilco Redevelopment Partners (HRP) in November 2020. The site is set to become a Mixed-Use/Innovation District that incorporates innovation uses and serves as an economic anchor attracting creative entrepreneurial and commercial activities in a mixed-use environment.

The new luxury Condos, The Muse, Venue, and 801 north condos in Old Town Alexandria, VA, offer a unique opportunity to experience modern luxury in a vibrant, historical location. With water views and unprecedented access to a convenient commute, it's a destination. In addition, the Old Town North Community offers entertaining options to enhance your lifestyle, including a growing restaurant and retail scene.

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On Tuesday, July 5, 2022, City Council approved an amendment to the Old Town North Small Area Plan, the Coordinated Development District (CDD) Conceptual Design Plan #2021-00004 and related rezoning application, and the initiation of a text amendment to the Zoning Ordinance to extend the Old Town North Arts and Cultural District to facilitate the redevelopment of the former power plant site.

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This Development is the size of the Wharf development in DC for reference in size. Clear this development will be a completely different style development given the geographical location and requirements of the developments master over plans.

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