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Developer launches residential project in affluent DC suburb in need of affordable housing

Fairstead to bring 207 residences to Alexandria, Virginia's Old Town district
The redeveloped Samuel Madden complex is expected to be completed in 2027. (Torti Gallas)
The redeveloped Samuel Madden complex is expected to be completed in 2027. (Torti Gallas)
CoStar News
November 18, 2025 | 8:27 P.M.

A developer has launched a ground-up affordable housing project in Alexandria, Virginia, that is set to create hundreds of new units in an area facing a shortage of modestly priced residences.

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