ParcView II

A proposed redevelopment of the ParcView Apartments site, adding over 200 units of affordable multi-family rental units in the desirable Landmark/West End neighborhood of Alexandria while preserving the existing building.

Project Summary

ParcView II, is a proposed affordable housing community in Alexandria, to be collocated on the site of the existing ParcView Apartments building. Wesley Housing is exploring the redevelopment of an underutilized portion of the site which currently includes the pool and a portion of the parking lot, while preserving, and eventually fully renovating, the existing building.

By working closely with the city and the local community, as well as its development team and counsel, Wesley Housing aims to produce a scheme that provides a significant number of new affordable units (200+), as well as improvements that would benefit residents of both ParcView buildings as well as the neighborhood at large.

Site Address

5380 Holmes Run Parkway

Alexandria, VA 22304

Email

wesleyhousing@whdc.org

Upcoming Community Meeting

Tuesday, September 14, 2021
6:00 pm – 7:00 pm
Register Here

Fast Facts

Unit Mix and Incomes Served

While Wesley Housing envisions creating a vibrant community with a varied mix of family sizes, income tiers and age groups, our team is currently working to identify the ideal unit count, unit mix, and population targets based on market realities and funding opportunities.

The affordability requirements of the City of Alexandria and of Virginia Housing will be met through a mix of incomes that reflect the community’s need.

Key Financing

$400,000 Pre-Development Loan From the City of Alexandria

The real estate development team plans to apply for federal Low-Income Housing Tax Credit financing by March 2022 after securing entitlements for the site.

Estimated Completion

2026

Project Timeline

Entitlements and Community Meetings

2021

Financial Applications

2022-2023

Acquisition and Finance Closing

2023

Construction Start

2023

Lease Up and Construction End

2026

In Partnership With

Wesley Housing Partner Bonstra | Haresign ARCHITECTS
Wesley Housing Partners Harkins
Wesley Housing Project Partner Walter L Phillips

Community Feedback

For comments or feedback related to this project, please complete the form below.

The ParcView II project team values all community input.