Graham Holdings Co. has closed on the disposition of its two Robinson Terminal development sites in Old Town Alexandria.
"Graham Holdings is pleased to have completed the process which will allow the two waterfront sites to be redeveloped and significantly contribute to the transformation of Old Town Alexandria's waterfront," Hal S. Jones, the company's chief financial officer, said in a statement.
According to Savills Studley, which represented Graham Holdings, City Interests and Rooney Properties bought the 3.2 acre-Robinson Terminal North site located on the Potomac River
at the north end of Old Town. The joint venture intends to construct a mixed-use project of 66 multi-family units, a 132-room hotel and 25,000 square feet of retail space, including a riverside restaurant.
