Graham Holdings Co. closes on sale of two Robinson Terminal sites in Alexandria
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.
The Robinson Terminal South site, which comprises a city block along the Potomac River in the southeast quadrant of Old Town, was purchased by a separate joint venture between EYA and
the JBG Cos. The partners intend to construct 70 multi-family units, 26 townhomes, and three restaurants.
Savills Studley¹s Executive Vice President Art Greenberg, Executive Managing Director Vernon Knarr and Managing Director Parker Lange represented Graham Holdings.
Graham Holdings is a diversified education and media company whose operations include educational services, television, broadcasting, online, print and local TV news, home health and hospice care and manufacturing.