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.