The Frasier
Type
$74 million. wood frame over podium. multifamily
Location
Alexandria, Virginia
Units/Size
249 units.
212,000 NRSF
Timeline
Completed in 2015
Results
94% occupanct
at sale in 2017.
Just a quarter of a mile from the planned Potomac Yard Metro Station, The Frasier is a Class A+ luxury rental community in the heart of Alexandria, Virginia’s Potomac Yard mixed-use redevelopment.
After shepherding the project through a complex entitlement process, MGL developed The Frasier in partnership with The Bozzuto Group, a reputable multifamily operator along the east coast. The project has earned multiple awards, including the 2016 GALA Award for Best Design and a MHN 2015 Gold Medal for Most Tech-Savvy Apartment Community. The Frasier will continue to benefit from the build-out of the Potomac Yard submarket, including Virginia Tech’s recently announced 1 million SF Innovation Campus.
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Architect
KTGY
8609 Westwood Ctr. Dr.
Suite 600
Tysons, VA 22182
General Contractor
Bozzuto Group
6406 Ivy Ln
Suite 700
Greenbelt, MD 20770
Financing
Total Cost: $74,500,000
Partners: Pritzker Realty Group & US Bank