MRP Realty, AEW Capital Announce Joint Venture to Redevelop VSE Building
Construction on Phase 1 will begin sometime in 2013.
MRP Realty and AEW Capital Management announced Wednesday their joint plan to develop a mixed-use, transit oriented property at the former VSE building site in Huntington. MRP and AEW purchased the $22.5 million dollar property in late December, and MRP rezoned the property to include 360 LEED-certified apartments, an 110,000 square foot hotel and a 260,000 square foot office building, according to a press release issued by the joint venture. The VSE building is a 40-year-old office building located at 2550 Huntington Ave. VSE relocated from Huntington to Springfield in May 2012. According to the Southeast Fairfax Development Corporation, the development plan was designed in compliance with the Transit Development Area comprehensive plan. …
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