Parcview Apartments

About This Building

Property Overview: - Wesley Housing acquired ParcView Apartments in November 2006. - The building consists of 14 stories and features 149 units. - It is conveniently located in the Landmark area of Alexandria. Planned Renovations: - Wesley Housing plans to convert some one-bedroom units into two-bedroom units. - The windows, roof, HVAC system, and appliances will be updated. - Modifications will be made to ensure handicap accessibility. Affordable Housing: - 80% of the units will be designated as affordable apartments. - Eligible households must earn 60% of the Area Median Income. Amenities: - ParcView is situated across from walking and bike trails. - The property is also conveniently located near shops and the metro. - Building amenities include an intercom entry system and an Olympic-size swimming pool. - Units are equipped with A/C window and wall units. - Additional features include dishwashers, garbage disposals, and dual-pane windows. Location: - The address of ParcView is 5380 Holmes Run Parkway Alexandria, VA 22304. Leasing Information: - For leasing inquiries, please contact (703) 751-2298. History and Financing: - ParcView is Wesley Housing's third community in the City of Alexandria. - The property received a $9 million loan from the City's Affordable Housing Initiatives fund. - Financing was also provided by the Virginia Housing Development Authority. - Edgewood Management, a long-time property manager, will continue to oversee operations. - The property will access equity through the Low-Income Housing Tax credit program via Enterprise Community Partners.