
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