Alexandria, VA – In a significant move to address aging public housing in the city, the Alexandria Redevelopment and Housing Authority (ARHA) has purchased a senior living complex in Old Town for $56.8 million, with plans to relocate more than 100 residents from the nearby Ladrey Senior High-Rise.
The acquisition of the Alate Old Town building, located at 1112 N. First Street was finalized on August 6. The five-story building, which features 133 units, was only partially occupied at the time of purchase. According to ARHA, approximately 110 age-eligible seniors from Ladrey will be provided with new homes in the complex by the end of the year, with current rents protected.
“This acquisition ensures that our residents have a safe, modern, and comfortable place to live without being displaced from the community they’ve called home for decades,” ARHA CEO Keith Pettigrew said in a statement…