{"id":967872,"date":"2026-05-28T06:04:23","date_gmt":"2026-05-28T10:04:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/quarterra-and-pgim-celebrate-groundbreaking-at-alexandria-crossing-apartments\/"},"modified":"2026-05-28T06:04:23","modified_gmt":"2026-05-28T10:04:23","slug":"quarterra-and-pgim-celebrate-groundbreaking-at-alexandria-crossing-apartments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/quarterra-and-pgim-celebrate-groundbreaking-at-alexandria-crossing-apartments\/","title":{"rendered":"Quarterra and PGIM Celebrate Groundbreaking at Alexandria Crossing Apartments"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Mid-rise apartment development to offer prime regional connectivity<\/i>\n <\/p>\n

\n ALEXANDRIA, Va.<\/span>, May 28, 2026<\/span> \/PRNewswire\/ —\u00a0Quarterra<\/a>, an industry-leading multifamily development and investment management firm, and PGIM, the global investment management business of Prudential Financial, Inc. and the second-largest real estate investment manager in the world, celebrated the commencement of construction on Alexandria Crossing at their groundbreaking ceremony earlier this month. Alongside the project’s lead lender, ING Capital LLC, Quarterra and PGIM are proud to bring the new luxury apartment community to the heart of Alexandria, offering a premier residential destination that blends modern living with unparalleled connectivity.<\/p>\n

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Alexandria Crossing is designed as a sophisticated mid-rise community, comprised of seven stories and featuring 385 apartment homes. The development will offer a diverse range of floor plans, from efficient studios to spacious three-bedroom residences, with units ranging from 398 to 1,378 square feet. Committed to environmental responsibility, the community is engineered to meet the National Green Building Standard (NGBS) Gold Certification for environmental sustainability.<\/p>\n

The broader master development also includes a significant residential expansion by Lennar, one of the nation’s leading homebuilders, featuring 44 “two-over-two” for-sale townhomes \u2014 architecturally styled as four-level townhouses but internally split into two separate, multi-level residences \u2014 and 33 for-sale traditional townhomes.<\/p>\n

“Alexandria Crossing represents our commitment to creating high-quality, sustainable housing that meets the needs of modern urban dwellers,” said Drew Dunn, Senior Development Manager with Quarterra. “With its unmatched location and regional accessibility, combined with a curated amenities package, we are creating a community that is as convenient as it is comfortable.”<\/p>\n

Located at 6239 Shields Avenue, Alexandria Crossing will offer residents prime connectivity to regional attractions, recreation, employers and necessities. The community fronts along US Route 1, providing immediate access to major thoroughfares including I-495, I-395 and the GW Memorial Parkway. The community site is just 0.8 miles from the Huntington Metro Station (Yellow Line) and adjacent to a future Bus Rapid Transit (BRT) stop. The transit access creates easy commutes to major employers, including the National Science Foundation, Virginia Tech Innovation Campus, Amazon HQ2, the Pentagon and Fort Belvoir.<\/p>\n

The community is situated immediately adjacent to the Kings Crossing Shopping Center, which includes retail and restaurants, as well as medical and service providers. Directly across Route 1 is the South Alex development, featuring groceries, coffee shops and destination dining.<\/p>\n

Residents can also enjoy nearby recreation destinations, including Mount Vernon District Park, Martha Washington Library, and various nature trails and bike paths. The community is within 10 minutes of the renowned restaurant scene in Old Town Alexandria and Carlyle Plaza, with the McCutcheon\/Mount Vernon Farmers Market nearby.<\/p>\n

Designed for an active and social lifestyle, Alexandria Crossing will offer a suite of high-end amenities, including:<\/p>\n