Alexandria, Va. -- Buchanan Partners of Gaithersburg, Md., announced it has teamed with The Pinkard Group of Bethesda, Md., to develop a 51,500-sq.-ft. full-service Harris Teeter grocery store, as well as 175 rental apartment homes for the Old Town North section of Alexandria, Va.
Buvermo Properties of Bethesda is an equity partner in the $74 million, mixed-use development, scheduled to break ground in second quarter 2012.
The Harris Teeter store is slated to open in 2014.
Buchanan recently signed a lease with Harris Teeter for a full-service store, including a pharmacy, on the building’s street level. The store will be a much-needed amenity in an area that is undergoing significant residential infill redevelopment.