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We renovated an old prison into apartments for $64 million

Summary by CNBC
The Alexander Company, a Wisconsin developer, turned a former prison in Lorton, Virginia into a 165-unit apartment building. The renovation cost about $64 million and took 18 months to complete.

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We renovated an old prison into apartments for $64 million

The Alexander Company, a Wisconsin developer, turned a former prison in Lorton, Virginia into a 165-unit apartment building. The renovation cost about $64 million and took 18 months to complete.

·United States
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CNBC broke the news in United States on Saturday, April 19, 2025.
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