A joint venture that includes Foulger-Pratt, The Howard Hughes and Seritage Growth Properties announced an initial agreement with the City of Alexandria and Inova Health System to advance the development of the four million-square-foot community to include a new hospital campus at the site of the former Landmark Mall.
The proposed development would revitalize the West End of Alexandria by transforming the unoccupied, enclosed mall site into a mixed-use, walkable urban village.
Inova would invest $1 billion to create a new medical campus, anchored by the relocation and expansion of its Alexandria Hospital and more than 2,000 health care workers.
Development plans on the balance of the site include residential, retail, commercial, and entertainment offerings integrated into a cohesive neighborhood with a central plaza, a network of parks and public spaces, and a transit hub serving bus rapid transit, DASH, and Metrobus.
Construction at Landmark could begin as soon as 2023, with the first buildings delivered in 2025.
The 52-acre Landmark site is one of the most desirable large-scale underdeveloped sites remaining within the Capital Beltway. As the new location for Inova Alexandria Hospital, the Landmark site would allow for comprehensive, patient-centered programs and services that include a larger emergency room; private patient rooms; and the Inova Schar Cancer Institute at Alexandria Hospital, which would offer full cancer services, including radiation and infusion.
As part of this collaboration, Inova intends to work with the community to request that the city rezone the current Inova Alexandria Hospital site on Seminary Rd. to permit a variety of residential uses, to facilitate the sale of the property in advance of the relocation to the Landmark site.
The proposal includes the use of $54 million in public bond financing to allow the city to acquire the land for the hospital and lease it to Inova, as well as $76 million in public bond financing for site preparation and infrastructure at the Landmark site and adjacent Duke St. and Van Dorn St. corridors.
The initial agreement provides a concrete starting point for further engagement and review by the community, city staff, the Alexandria Planning Commission, and the Alexandria City Council. Inova and developers will submit applications for applicable city review, public hearings and approvals in the months to come, which will provide additional details about the separate projects at the Landmark and Seminary sites.