City of Alexandria, Virginia
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MEMORANDUM
DATE: SEPTEMBER 18, 2019
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Future Use of City-Owned Real Estate Located at 2 King Street.
BODY
ISSUE: Future Use of 1,825 square feet of City-owned real estate located at 2 King Street.
RECOMMENDATION: That City Council direct staff to seek public input and design and analyze public sector and private sector future use options to utilize the 1,825 square feet at
2 King Street.
BACKGROUND: On June 14, 2019, the City received an unsolicited offer from Route 66 Ventures ("Route 66") to purchase 1,825 square feet of City-owned property located at 2 King Street between King Street and Wales Alley at the rear of the Fitzgerald Warehouse complex located at 100 to 104 S. Union Street.
This 1,825 square foot parcel is part of 2 King Street that was acquired by the City in the property transfer agreement with the Old Dominion Boat Club (ODBC) in 2014. This agreement provided for the relocation of the ODBC clubhouse and parking lot from its former location at the foot of lower King Street to its current location on Strand Street providing space for the new Waterfront Park as part of the City's Waterfront Plan. To establish the value of the City-owned property, the City retained the services of an independent appraiser.
The City-owned property, which spans the width of the Fitzgerald Warehouse between King Street and Wales Alley and extends from the rear of the complex to Strand Street is currently leased and utilized as eight (8) parking spaces for the businesses located in the Fitzgerald Warehouse complex. These month-to-month parking agreements originated with the ODBC, however utilization of these eight (8) parking spaces is not envisioned in the adopted Waterfront Plan to be the long-term use of this 1,825 square feet of parking. Section F(1) of the City's Real Estate Disposition Policy s...
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