(RECAP: Weingarten Realty announced today the acquisition of 5.2 acres of land at the corner of King and North Beauregard Streets that will be the site of The Gateway Alexandria (“Gateway”), a premier mixed-use project. Once completed, the project will feature 352 multi-housing units, 74 of which will be affordable, 110,000 square feet of retail anchored by Harris Teeter, and 87,000 square feet of office space. Weingarten’s net investment at completion is estimated to be $160 million and will include ownership in the retail, 275 luxury residences and approximately 23,000 square feet of office space.)
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