City Prepares to Sell Royal Street Property
Sotheby's plans office for space currently occupied by Elder Crafters.
Alexandria’s Planning Commission paved the way for the sale of city-owned building located at 200 N. Royal St. in Old Town Tuesday as part of the city’s plan to dispose of surplus property. TTR Sotheby's International Realty submitted a bid of $1.35 million for the three-story property. Sotheby’s intends to use the building as office space. The company’s bid was the largest of three the city received, exceeding the property’s appraised value of $1.2 million. Elder Crafters, on a month-to-month lease from the city, currently occupies the ground floor of the building. The two upper floors previously housed administrative offices for the Office of Historic Alexandria and facilities for Information Technology Services. Alexandria’s …
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