Ballston BID ‘Very Excited’ About Ballston Common Mall Redevelopment

A long-awaited renovation project is inching closer to reality for Ballston Common Mall. Mall owner Forest City Enterprises has been 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.

Office of Naval Research reenlists for 5 years

The Office of Naval Research has reached a deal to stay at One Liberty Center for another five years under a lease renewal negotiated by the federal General Services Administration. The GSA awarded the lease renewal Wednesday to Ballston Investor Group I LLC. The contract price is $59.6 million. The Shooshan Co. developed 875 N. Randolph St. as part of its larger Liberty Center complex.

Arlington Partnership for Affordable Housing Names 2012 Affordable Housing Honorees

Arlington, VA - The Arlington Partnership for Affordable Housing (APAH) yesterday announced its 2012 Affordable Housing Honorees. "In 2012 we are recognizing Ron Carlee, former Arlington County Manager, for his steadfast commitment to Arlington's affordable housing policy, and John Shooshan, President, The Shooshan Company, for his unwavering leadership in our County's effort to end homelessness," said Nina Janopaul, APAH President/CEO. "They will be honored at the Celebration of Affordable Housing, APAH's Annual Fundraiser, on October 2, 2012, at the Clarendon Ballroom in Arlington, VA." - See more at: http://dc.citybizlist.com/article/arlington-partnership-affordable-housing-names-2012-affordable-housing-honorees#sthash.T8otJgX2.WPuMfTJC.dpuf

The Rosslyn-Ballston Corridor, Part II: A Vibrant, Mixed-Use Oasis in the DC Area

This is the second part of my focus on the Rosslyn-Ballston (R-B) corridor as an oasis of prosperity and vibrance in the Washington region. Served by five Metro stops within four miles, the corridor continues to attract new tenants, buyers, and developers in the face the deepest recession since the Great Depression. - See more at: http://dc.citybizlist.com/article/rosslyn-ballston-corridor-part-ii-vibrant-mixed-use-oasis-dc-area#sthash.5DHJEI2r.XDDFJdXJ.dpuf

Arlington Launches Homeless Housing Fundraising

The homeless are not difficult to find in Arlington County if you know where to look. Some hang out by certain Metro exits, while others prefer to slip into the vest-pocket parks where few notice them. One man, sleeping by a dumpster behind a funeral home, died last month during the temperate spring weather that didn’t seem dangerous to those with a roof and a bed. In 2011, at least three other homeless people died.

$71.1M Construction Loan for Founders Square High Rise in Arlington, VA

Ashton Park Associates III, LLC, an affiliate of the Shooshan Company, has secured a $71.1 million non-recourse construction loan for the development of The Place, a 17-story, 257-unit, Class A multi-housing project in Arlington, Virginia. The Place will be the residential cornerstone of Founders Square, a 1.2 million-square-foot, mixed-use project with a goal of LEED Gold certification for a Neighborhood Development. - See more at: http://dc.citybizlist.com/article/711m-construction-loan-founders-square-high-rise-arlington-va#sthash.gbJC78L8.fKn9ywX7.dpuf

The Bike Share Sponsorship Dance

Construction won’t begin until next year on the expanse of parking lots that will become Boston’s long-awaited Seaport Square neighborhood, but developers have already installed the first Hubway bike sharing station on the sprawling 6.5 million square-foot parcel.

DARPA Project Drives Forward

ARLINGTON, VA-PRC has secured forward financing on an eight-year lease at Quincy Street Station, which is close to the 355,000-square-foot Defense Advanced Research Projects Agency headquarters under construction.

Sneak Peak at Buzz Bakery in Ballston

This is not your Alexandria’s Buzz Bakery, which is doing just fine, by the way. But when the Ballston location’s doors open officially on Monday, instead of an old-school glass case and baskets filled to the brim, customers will see a carefully curated display of daily samples on custom-made cake risers and glass pedestals topped with stunning hand-blown Italian glass domes.

Arlington Wins Gold for Walkability

The County this week received a Gold-level designation for walkability from the national Walk Friendly Communities (WFC) program, sponsored by the US Department of Transportation Federal Highway Administration and FedEx. Arlington was recognized for its commitment to improving and sustaining walkability.