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Mitsui, JBG, and EYA Joint Venture Closes Financing for Alexandria’s Robinson Landing

Old Town Alexandria | Robinson Landing | EYA

Mitsui, JBG, and EYA Joint Venture Closes Financing for Alexandria’s Robinson Landing Blog Feature

By: EYA Homes on March 15th, 2018

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EYA, LLC is thrilled to announce a major milestone for Robinson Landing, Old Town Alexandria’s newest waterfront neighborhood.

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A joint venture among affiliates of EYA LLC, JBG Fund IX -- a private fund managed by JBG SMITH Properties -- and Mitsui Fudosan America (MFA) will provide all of the capital required to complete the project.  HFF advised the joint venture on the transaction.

 “We are thrilled to be working with a global leader like Mitsui to create a vibrant waterfront neighborhood with unique architecture that will be the southern anchor to the Old Town waterfront,” said Bob Youngentob, President of EYA, LLC.  “Robinson Landing will be one of the most desirable waterfront addresses in Washington, D.C. and the Mid-Atlantic.”

Construction commenced in mid-January with footing and foundation work on the initial phase of Robinson Landing’s distinctive townhomes.  The first townhomes are scheduled to be completed in early fall 2018.

Later this year, work will begin on the community’s underground parking garage followed by construction of two, five-story riverfront condominium buildings with ground floor retail, a third condominium building fronting on Wolfe Street, renovation of the existing pier and the creation of a public promenade along the waterfront. 

Phase two of townhome construction begins in 2019 with the entire development expected to be completed by early 2020.

 “Robinson Landing is an outstanding project, and we are very excited to be a part of it,” said Kai Reynolds, JBG SMITH’s Co-Chief Development Officer. “Mitsui and EYA affiliates have been tremendous leaders and partners throughout the course of this deal, and we are all committed to making Robinson Landing a true landmark in Old Town Alexandria.”

When finished, Robinson Landing will feature 26 neighborhood town homes, 70 condominiums, and a market and restaurant with indoor/outdoor seating on the water.  The renovated Robinson Landing pier will include floating docks, areas for public seating and entertainment, and an outdoor lounge.

Over the last 18 months, excavation, flood mitigation and archaeology studies have been completed at the site in preparation for construction.

Townhome and condominium sales reservations were launched by EYA Marketing, LLC, sales agent for the project, in November 2017 and 15 residences have already been reserved at record sales prices.

 

About EYA, LLC

EYA, LLC through its various development affiliates, is a leader in Washington D.C.’s urban and transit-oriented living that promotes Life Within Walking Distance®.  Celebrating its 25th anniversary, EYA and its development affiliates have built more than 4,000 residences and 39 walkable urban neighborhoods in the D.C. metro area, including over 1,500 new and future homes in Alexandria, VA. 

For additional information regarding Robinson Landing, visit www.robinsonlanding.com

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