Founders Square DARPA Building Complete, Residential Tower Next

The first stage of Ballston mixed-use mega-project Founders Square, a 13-story 350,000- square-foot office building at 675 North Randolph, is now complete, with the first (and only) tenant, the Defense Advanced Research Projects Agency (DARPA), now taking possession of the property. Developer The Shooshan Company now has a clear runway to break ground on the next phase of the five-building, 1.2 million-square-foot complex, the 17-story, 257-unit residential building at 4000 Wilson Boulevard.

“We’re in the very final stages of completion of 675 North Randolph, the new DARPA headquarters,” said Kevin Shooshan, Director of Leasing at the Shooshan Company. “It’s basically complete. [DARPA] is in the process of accepting the building, and transferring over floor by floor, a process which will go on the next few months, probably into the second quarter of 2012.”

DARPA, a secretive federal intelligence and research agency that, according to some reports, invented everything from the internet to GPS, was formerly headquartered down the road on Fairfax Drive in Virginia Square, and almost left the state on the recommendation of the Base Realignment and Closure Commission in 2005. But state representatives and two consecutive governors used a $10 million grant to convince the federal agency to stay in the area, pointing to the 800 jobs (including contractors) provided and $33 million dollars in city and state taxes paid by the agency each year. DARPA is paying $14.7 million a year on their lease.

The new DARPA headquarters, which is certified LEED Gold, is also the first office building in the area to meet the Department of Defense’s Level IV security standards, and will incorporate a secure parking facility and an 82-foot secured perimeter, and is a surrounded by a sizeable lawn that segregates it from the other buildings in Founders Square.

Now, says Shooshan, the focus moves to the residential building at 4000 Wilson Blvd. “Two hundred fifty seven units, seventeen stories, with construction set to begin in the first quarter of next year, and finishing in the first quarter of 2013,” says Shooshan. “The site plan has been approved for over a year now. Permits are lined up and we're going to pull them in a matter of weeks."

The 1.2 million square foot Founders Square project, designed by RTKL Associates, is also slated to include a 183-room Marriott Residence Inn at 650 North Quincy, and a 420,000-square-foot office building at 4040 Wilson Blvd.

Arlington, Virginia real estate development news

Ballston Bus Garage Gets Final OK for Founders Square

The Arlington County Board and WMATA agreed last week on final terms of sale for the former WMATA bus garage site for the final piece of the Founders Square puzzle in Ballston. The site, at 675 North Randolph Street in Arlington, will be sold to Ashton Park Associates, LLC (APA). Though APA was chosen as the developer and executed a sale agreement in June 2007 for the entire property, the developer had since requested a phased purchase due to financing issues. Under the amended sale agreement APA, along with its managing affiliate The Shooshan Company, can purchase the property in two or three phases as long as the sale is complete as of December 23, 2011 for the agreed upon $25 million. The parties will close on the first phase in mid-November with Clark Construction set to dig-in before the new year.

The first phase, sold for an undisclosed amount, will be the home of the Defense Advanced Research Projects Agency (DARPA) when construction finishes on the 355,530-square-foot, 13-story, secure office building in 2012. To land the agency, Shooshan worked with architect RTKL Associates, Inc. to design a building that will meet LEED Silver requirements and the Department of Defense’s (DOD) Minimum Antiterrorism Standards for Buildings. It will be the first in Arlington to meet DoD’s new standards, featuring force protection, 82’ standoff distance and controlled parking.

According to John Shooshan, while most of the project will be financed through APA's own equity, the state of Virgina is providing a $10m grant to help defray the development and construction costs attributable to the force protection requirements under the DARPA lease. Tally another project to the list of those lubricated with government dollars, whether for leases, stimulus, or subsidies to keep development on track.

The DARPA building will be the first of the planned buildings for Founders Square, which is intended to house 26,000 square feet of retail space (8,000 of which is a standalone building that will be owned by a separate investment group and constructed by Paradigm Development), 730,000 square feet of office space in two towers, and another two housing towers with 378 residential units.

Arlington Virginia real estate development news

Founders Square Readies for Demo in Ballston

It looks like Old Man Economy might have finally started taking his pills again. After gaining approval from the Arlington County Board in July of last year, the Shooshan Company's ambitious plans for Founders Square, a five-building, mega mixed-use development in Ballston, seemed about as promising as a GM-backed pension plan. But despite slippery start dates in all types of construction, Shooshan's Vice President of Development, Kelly Shooshan, tells DCmud the project is still on track for its originally scheduled 2009 groundbreaking and that the company will be seeking a general contractor before the summer is out. "We're looking to probably be bidding the project in the middle of the summer and will probably start construction sometime in the fall or early winter," said Shooshan. Located on 4.6-acre parcel bounded by North Randolph Street, Wilson Boulevard and North Quincy Street in Ballston, the RTKL Associates-designed development will replace the industrial and non-tax paying bus lot known simply as the WMATA site, a gas station, a recycling center and a tre chi-chi Super Pollo chicken joint. Founders Square is intended to house 26,000 square feet of retail space (8,000 of which the Shooshan Company has since farmed out to Paradigm Development), 730,000 square feet of office space in two towers, and another two worth of housing for a total of 378 residential units. “The buses have been gone since March 27th,” said Shooshan. “When we start the project, it’ll start with demo…the site is just a one-story building, so it’s a very small portion of the construction timeline.” “Super Pollo will be relocating to the new retail building and there are several other tenants that have expressed interest in the other two spaces in the retail building. It’s very small retail, only 8,000 square feet. The first office building is a secured office building, so it won’t have any retail in it." The secure building will, though, have enhanced security features suitable for defense-related businesses. The development’s residential units are tentatively scheduled to hit the market as rentals and all five Founders' buildings will aim for a LEED certification. In the meantime, the developer has yet to definitively budget the project, as it is, in the words of Shooshan, “evolving over time with the present market conditions.” "There’s such a large spread right now with construction prices decreasing every minute, it’s really hard to give a formula on the whole entire project,” she said. In 2008, Shooshan completed Liberty Center in Ballston, a 21-story, 469-unit residential building. Despite continued development, the rough and tumble Arlington 'hood has somehow managed to keep its street cred intact.

Arlington Virginia commercial property news

Founder's Square Approved

The Arlington County Board approved late Saturday The Shooshan Company's plan to turn an Arlington bus garage, Shell gas station, recycling drop-off center, and Super Pollo restaurant into a five-building, mixed-use real estate project that will expand Mosaic Park and bring retail, residential, and office space to the Ballston Metro area. A far more sightly use of the land, the county anticipates that the project will bring increased green space and revenue to the county as the current bus garage paid no property taxes. The 5.35 acres, bounded by North Randolph Street, Wilson Boulevard, and North Quincy Street, will host 26,000 s.f. of ground-floor retail, two residential towers with 362 units, and a single story, relocated Super Pollo. 

The residential buildings will climb to twelve and seventeen stories, one office building will rise fifteen stories, and the final office building - a secure building built to house defense-related facilities as part of the 2005 BRAC - will rise to thirteen stories with an 82-foot setback. Designed by global design firm, RTKL Associates, Inc., the project is planned to achieve LEED certification and position the highest buildings on the north and west sides of the site - farther from the Ashton Heights neighborhood and closer to the Ballston Metro Station. As part of the usual county-developer negotiation process, Arlington will expand the now 1.08 acre park onto the development site, a concession that will give the developer bonus density. According to the board, the ability to retain federal defense contractors and the ability to expand open, public space was well worth the trade. Other community benefits include sidewalk improvements, nineteen units of affordable housing, and pedestrian access through the site. Groundbreaking is anticipated for late 2009. The architects are also responsible for the FDA Headquarters in White Oak Maryland, Downtown Silver Spring and Reston Town Center. The Arlington-based developer is responsible for several buildings in the Ballston area including One and Two Liberty Center.

Arlington Virginia commercial real estate news