New 373-Unit Apartment Complex Planned in Alexandria
The Montgomery Center site will be redeveloped into a large-scale residential community with a rooftop pool.
Updated on Oct. 27, 2026 in Commercial
Live Poll
Do you support the construction of large apartment complexes in your neighborhood?
Carr Properties has acquired the two-acre Montgomery Center property at 300 Montgomery Street in Alexandria. The developer plans to replace the former commercial site with a new 373-unit apartment community.
Why it matters
This redevelopment signals a shift in Old Town North toward high-density residential housing to address ongoing market demand. It follows a trend of converting established commercial office and retail spaces into new living environments for the area.
The two-acre project site at 300 Montgomery Street will replace previous commercial tenants with 373 new units. This expansion is notably larger than the 237-unit capacity of the nearby Margot community.
The players
Carr Properties
A commercial real estate investment firm that focuses on developing and managing high-density residential and office communities.
MC Property, LLC
The prior owner of the Montgomery Center site that recently transferred the property title to Carr Properties.
The details
Carr Properties, which assumed ownership from MC Property, LLC, is transforming the commercial site into a residential development. The project will include modern amenities such as a rooftop pool and a dedicated amenity lounge. This transition marks the end of the site's previous role as a hub for local commercial tenants like the Art League's Madison Annex and A La Lucia.
Timeline
Construction is expected to begin in spring 2028.
Construction is expected to be completed in spring 2030.
The Home Front
This development aligns with the long-term residential goals established by the Old Town North Small Area Plan. It marks a significant shift in land use for the corridor, moving away from existing commercial footprints to accommodate growing housing needs.
Residents should track upcoming city planning meetings to see how this project will influence local infrastructure and traffic patterns in Old Town North. Keep an eye on local permit filings to understand how changes at 300 Montgomery Street may affect neighborhood property trends.
The takeaway
The redevelopment of Montgomery Center will bring 373 new apartments to the area by 2030. Keep this project on your radar if you are tracking new housing inventory or density changes in the Old Town North neighborhood.
What happens next
Construction is projected to start in spring 2028, followed by completion in spring 2030.
Further reading
For more updates on development in the city, see Alexandria Commercial.
Source note: This article includes information reported by ALXnow | Alexandria, Va. breaking news, local events and community happenings.
Live Poll
Do you support the construction of large apartment complexes in your neighborhood?
