BALLSTON, Va.--(BUSINESS WIRE)--The Shooshan Company and Brandywine Realty Trust announced today they will be submitting a site plan amendment to Arlington County this week for the final portion of their Liberty Center development at 4040 Wilson Blvd in Ballston. The vertically mixed-use building will be the first of its kind in the greater D.C. area, with the first two floors comprised of retail, followed by eight floors of office space and 12 floors of residential.
At 22 stories, 4040 Wilson will be Ballston’s tallest building with separate roof terraces for both the office and residential portions, providing remarkable views of Washington, DC monuments and the entire metropolitan area. Shooshan has already completed construction of the five level, 550 space below grade parking garage, allowing the remainder of the building to be completed on an expedited schedule for new construction. After approval of the site plan amendment, the building will feature 34,000 square feet of retail, 190,000 square feet of office and 245 residential units.
“In a competitive market, unique and innovative offerings like this one immediately stand out and attract interest from those in search of a mixed-use, urban experience,” said Victor Hoskins, Director of Arlington Economic Development. “This building, and the entire Liberty Center development, shows how a strong blend of retail, office and residential can lead to robust, thriving communities.”
Also announced today, the Shooshan Company has received a letter of intent from VIDA Fitness, a top-of-the-line fitness center, to occupy 30,000 square feet spanning from the second floor down to the B1 level of 4040 Wilson Blvd. This will be VIDA’s first Arlington location.
“When evaluating a location, we look for projects that are designed in a way that allow us to create a community where people of shared values can make meaningful connections,” said David von Storch, President and Founder of VIDA Fitness. “We look for locations where residents and office workers can easily access our facilities and there are urban lifestyle amenities within walking distance of our front door. Liberty Center is such a project and we are excited to be a part of it.”
4040 Wilson is the last phase of the 2.25 million square foot, mixed-use, LEED-Gold certified Liberty Center community. Comprised of eight separate buildings, Liberty Center is just steps away from the Ballston Metro and will be home to over 5,000 people. The Center consists of office, residential, an extended-stay hotel, high-end restaurants such as three Mike Isabella concepts (Kapnos Taverna, Pepita and Yona), two Neighborhood Restaurant Group concepts (Rustico Restaurant & Bar and Buzz Bakery), as well as casual lunch spots including Sweetgreen and Taylor Gourmet.
“This vertically mixed-use project reflects the new ways people, particularly millennials, are working and living today,” said Kevin Shooshan, Director of Leasing at Shooshan Company. “We have made a conscious decision to amend the building’s plan in order to provide a product that not only provides the most efficient square footage solution for tenants, but also the most efficient lifestyle for a community, company and employee base.”
Liberty Center, a transit-oriented project developed by The Shooshan Company, is located in the heart of the Rosslyn-Ballston Corridor, which boasts a superb transportation infrastructure, an outstanding amenity base, and a lower cost of living and doing business compared to DC. Nearby, the Ballston Mall is undergoing a $317 Million renovation to be completed by fall 2018, including 323,000 SF of retail space.
About Shooshan Company:
The Shooshan Company is a privately owned investor and full service developer, leading innovative real estate projects built on integrity and community commitment. Founded in 1986, the company has planned, developed, leased and managed a portfolio of approximately 4 million square feet of high quality mixed-use space. Additionally, Shooshan has now planned, developed and invested in over 4,000,000 square feet of mixed-use space in Arlington, including some of the market’s most prominent office buildings, high-end residential buildings and most notable retail locations in Northern Virginia. http://www.shooshancompany.com/
About Brandywine Realty Trust:
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 232 properties and 28.9 million square feet as of December 31, 2015. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. Our deep commitment to our communities was recognized by NAIOP naming Brandywine the 2014 Developer of the Year – the highest honor in the commercial real estate industry. For more information, please visit www.brandywinerealty.com