PR Newswire·May 28, 2026, 6:01 AM ET

Quarterra and PGIM Celebrate Groundbreaking at Alexandria Crossing Apartments

PRU ING

Quarterra & PGIM commenced construction on Alexandria Crossing, a luxury mid-rise apartment community in Alexandria, Virginia, on May 28, 2026.
The seven-story development comprises 385 units ranging from studios to three-bedroom residences (398–1,378 sq ft) & targets National Green Building Standard Gold Certification.
Lennar is concurrently building a residential expansion including 44 two-over-two for-sale townhomes & 33 traditional for-sale townhomes as part of the broader master plan.
Located at 6239 Shields Avenue, the site offers immediate access to US Route 1, I-495, I-395, & the GW Memorial Parkway, with the Huntington Metro Station 0.8 miles away.
The project includes a future Bus Rapid Transit stop & provides connectivity to major employers such as the National Science Foundation, Amazon HQ2, the Pentagon, & Virginia Tech Innovation Campus.
On-site amenities feature two courtyards with a resort-style pool, a state-of-the-art fitness center, a clubhouse with entertainment options, an elevated dog park, an indoor pet spa, & a business center with a podcasting room.
The development incorporates 0.62 acres of public open space known as Terminus Green, 131 bicycle racks, 40 storage units, & an eight-level parking garage with 489 stalls including eight EV charging spaces.
Alexandria Crossing is situated adjacent to the Kings Crossing Shopping Center & across Route 1 from the South Alex development, providing access to retail, dining, & medical services.
Quarterra is the developer, PGIM is the investment partner, & ING Capital LLC is the lead lender for this project, which marks Quarterra's first multifamily development in Alexandria.