GROCERY STORE, APARTMENTS PLANNED IN OLD TOWN ALEXANDRIA, VA.

ALEXANDRIA, VA. — Gaithersburg, Md.-based Buchanan Partners has partnered with Bethesda, Md.-based The Pinkard Group to develop a 51,500-square-foot Harris Teeter grocery store and 175 residential units for the Old Town North section of Alexandria. The $74 million, mixed-use development is scheduled to break ground in the second quarter of 2012, with Harris Teeter slated to open in 2014. The 65,000 square feet development site covers most of the city block bounded by North, Asaph, Madison and North Pitt streets. Bethesda-based Buvermo Properties is an equity partner in the development.