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ULI Washington Members Only Case Study Presents: Alexandria Waterfront Hotel Indigo

Date:
March 22, 2017
Time:
4:30 pm - 7:30 pm
Venue:
Hotel Indigo
Address:
220 South Union Street
Alexandria, VA 22314 United States

Other

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Wednesday, March 22, 2017

4:30-5:00 PM Registration and Networking
5:00-6:15 PM Panel Presentation
6:15-6:45 PM Property Tours
6:45-7:30 PM Networking Reception at Union Street Pub

Hotel Indigo
220 South Union Street
Alexandria, VA 22314
The Situation
220 South Union Street was put under contract by Carr Hospitality in April of 2011. The Hotel Indigo will open its doors for business on the site exactly six years later. In the intervening years the property was swept up in the rezoning for the Alexandria Waterfront Plan’s W-1 Zone, as the first project to move forward under a plan that had its genesis in the 1970’s and was only brought to fruition after surviving two challenges to the Virginia State Supreme Court. Both the project’s intended use as a hotel as well as massing and density (50 feet and a 3.0 FAR) were lightning rods during a public process that saw numerous redesigns of the hotel’s façade and programming before the current iteration was completed.

In addition to the number of procedural and legal challenges encountered, the project withstood a doubling of sewer tap fees in the City, a proffer of $10/FAR SF, freezing of GSA per diem –a critical driver of average room rates in the market, the discovery of the original warehouse from Alexandria’s earliest days as a port and even the unearthing of a revolutionary war era ship during excavation.

Case Study Solution
Set to open in April of this year, the boutique hotel will include 120 keys, a signature, water-view restaurant, 25% open space including outdoor dining and a LEED Silver accreditation. Designed by Rust-Orling Architecture and Dash Interior Design and operated under IHG’s boutique hotel brand Indigo, the hotel will seek to leverage its unique location and water views to compete with the top-rated hotels in Old Town.

WHAT YOU WILL LEARN

  • An overview of the Alexandria Waterfront Plan process and project entitlement
  • How the hotel brand was selected and structured
  • How the financing was structured and sustained through the lengthy entitlement
  • The construction process and challenges
  • The competitive placement and expected performance of the hotel.

SPEAKERS

  • Ken Wire, Partner
    McGuire Woods, LLP
    (Moderator)
  • Austin Flajser, President
    Carr Companies
  • Karl Moritz, Planning Director
    City of Alexandria
  • Mike Wilson, Senior Vice President
    Carr Companies
  • Matt Buhts, Senior Vice President
    Carr Companies

LOCATION

  • The Hotel Indigo
    220 South Union Street
    Alexandria, VA 22314
  • Union Street Public House (Networking Reception)
    121 S. Union Street
    Alexandria, VA 22314
  • Metro: Yellow Line to HUNTINGTON
    Exit at KING STREET METRO STATION Walk to 220 South Union Street or take the Free King Street Trolley along the length of King Street, from the Metrorail station to the end of King Street and walk to 220 South Union Street.
  • Parking: Parking is not yet available in the hotel so please utilize the nearby public parking lots on South Union Street and Strand Street. Metered street parking is available as well as nearby off-street parking at Solo Parking and Colonial Parking.

REGISTRATION INFORMATION
(This is a MEMBERS ONLY event)

  Members
Private Sector $65
Public Sector $35
Young Leader (<35) $35
Student (full-time) $35
Media Complimentary

2017 Corporate Sponsors
Please forward attendee information to bdullaghan@uli.org

Pre-Registration Deadline – Thursday, March 16, 2017

To check availability after the deadline date please call: 301-894-7310

Register ONLINE here
or
Download a faxable registration form here.
or
Call 800-321-5011
(mention meeting code: # 8138-1716)

Click here to view a list of attendees.

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