Developer Eyes Condos for Former Washington Street Offices

The former International Association of Chiefs of Police building on N. Washington Street could soon become condominiums, according to the Washington Business Journal.

CAS Riegler Cos. recently paid $5.2 million for the five-story, 25,204-square-foot building located at 515 N. Washington St. and plans to convert the structure into for-sale residences.

Before becoming home to the IACP, the building housed a sparkplug manufacturer and beer bottler.

IACP recently moved into a suite on Canal Street.

CAS Riegler told the Washington Business Journal that the decision to convert the building into residences was in part because of the fast sales of EYA’s luxury condos at the under-construction Oronoco waterfront residences project next to Oronoco Bay Park.    

The north end of Old Town has several more residential projects underway or in the works. 

Construction of the 175-unit Kingsley apartments at 500 Madison St. is nearing completion. That structure includes a Harris Teeter grocery store, which is expected to open in summer or early fall 2014.

Plans to transform the old Alexandria Health Department property in the 500 block of N. St. Asaph Street into residences is expected to enter the city’s approval process this winter. The city approved the sale of the surplus property this year to local developer Y-12 Investments for $5.23 million.

In July, the Washington Metropolitan Area Transit Authority approved the future sale of its bus barn located between N. Royal and N. Pitt streets.

Alexandria Mayor Bill Euille told Patch in May that the site could be a combination of townhomes and apartments, but that its future “will be determined by what is the best use and the highest value that Metro gets out of the property.”