IN THE NEWS
an office and a residential building. The Board unanimously voted to redevelop the 1963 building, allowing the developer The Shooshan Company, in partnership with Marymount University, to build a nine-story office building and a 15-story, 267-unit residential building with 11 dedicated units of affordable housing.
The vote paves the way for Marymount University to proceed with redevelopment of a prime corner of North Glebe Road and North Fairfax Drive on the western edge of Ballston.
The Shooshan Co. build a new office building along the Rosslyn-Ballston Corridor's Wilson Boulevard. Shooshan has formed a joint venture partnership with Radnor-based Brandywine Realty Trust to develop 4040 Wilson Blvd., a 20-story building that will be the last addition to Shooshan's Liberty Center mixed-use project. Brandywine is kicking in $36 million as part of the deal, according to Brandywine.
The Shooshan Co., the developer behind Arlington’s Liberty Center (formerly Founders Square), applied Aug. 22 for building permits to construct a 410,000-square-foot office building, with 8,500 square feet of ground-floor retail, at 4040 Wilson Blvd. in Ballston.
Kevin Shooshan, director of leasing.
Shooshan Co. plans to break ground in mid-March on a 17-story apartment building at Founders Square, a 1.2 million-square-foot development near the Ballston Metro station that has been in the works since 2007. Shooshan affiliate Ashton Park Associates III LLC closed Feb. 24 on a $71.1 million construction loan to finance The Place, a 257-unit rental building slated for completion in 2013. Holliday Fenoglio Fowler LP directors Susan Carras, Walter Coker and Brian Crivella brokered the financing deal through SunTrust Banks Inc.
in the planning stages for major renovations to the 26-year-old, 580,000 square foot facility since at least 2010. Today (Wednesday) the Washington Business Journal reported that that the company revealed preliminary plans and renderings for the renovations at an industry conference in National Harbor.