IDI Opens Sales Center for Watermark

Alexandria, Va., June 7 -- The IDI Group Companies of Arlington, Va. yesterday opened sales at a community in the heart of Alexandria’s historic Old Town. The boutique condominium of just 18 units is currently under construction on Strand Street across from the Potomac River. With the first move-ins slated for early spring 2020, eight of the 18 homes are already under contract.

“We’re thrilled with the early response to our community,” said IDI Managing Director Carlos Cecchi. “Watermark enjoys a privileged location on the Alexandria waterfront, in the middle of a vibrant block surrounded by Old Town’s historic charm and conveniences,” he added. Eight of the homes will enjoy expansive river views; but all Watermark residents will enjoy water views from a luxuriously appointed rooftop terrace.

Watermark homes range from one bedrooms with one-and-a-half baths to three bedrooms with three baths, and from 900 square feet to 2,900 square feet, with prices for remaining homes starting in the two millions.

The exterior architecture will blend into Old Town’s historic fabric, with details befitting the site’s history. The interiors, however, will provide expansive open floor plans and contemporary conveniences. Garage parking will be provided on the first level of the new building, with access from Union Street. Watermark is fronted by the City’s future Point Lumeley Park and is just a block and a half from King Street, allowing residents to enjoy all of the vibrant urban amenities that Old Town has to offer.

Sales are being handled by McWilliams Ballard of Alexandria. Watermark was designed by Rust Orling Architecture of Alexandria, Va.; John A. Moriarty & Associates of Arlington, Va. is the general contractor. Christopher Consultants of Fairfax, Va., served as the project’s civil engineer. Construction financing is provided by Sandy Spring Bank.

About The IDI Group Companies

Since 1975, IDI has been recognized as the premier developer of condominiums in the Washington, D.C. metropolitan area. The IDI portfolio includes more than 14,000 multifamily homes in 28 different communities. IDI recently completed The Enclave, a two-building condominium in the City of Fairfax, and Rivergate North, a luxury riverfront apartment building in Woodbridge. Also in various stages of development in Northern Virginia are: a second Rivergate building in Woodbridge; the redevelopment of the Paul VI high school site into a new, mixed-use community in the City of Fairfax; and the redevelopment of Huntington Club into a transit-oriented mixed-use development next to Huntington Metro in Alexandria. IDI and its communities have earned dozens of industry awards for design, construction, management, communications and customer satisfaction, including J.D. Power & Associates’ highest customer satisfaction award. More about IDI can be found at idigroup.com.