Condominium complex rendering courtesy Finmarc
An office building in Alexandria that sold for $13.12 million will be converted to condominiums, according to an announcement from Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc.
Located at 801 N. Fairfax Street, the vacant four-story, 65,971-square-foot building will be converted to a 54-unit complex. Construction is expected to begin this year, but a timeline for its opening has not been released.
Finmarc sold the property, also known as the Waterfront I, to Abramson Properties, an Alexandria-based general contractor. The building was constructed in 1971 and overlooks the Potomac River. It is part of a two-building office portfolio, which also includes Waterfront II, a five-story, 90,000-square foot building located at 209 Madison Street.
