Major Multifamily Developments, Art Galleries And A Spa-Like Dental Chain: The Latest Projects In the R-B Corridor
1. Insight Property Group is under contract to acquire the Ballston Macy’s at 685 North Glebe Road. The company has plans to redevelop the property and transform it into 555 apartments above 42K SF of retail. Insight principal Sarah Davidson told Bisnow last month that Insight hopes to break ground on the project by the first half of 2023.
2. In December, Mill Creek Residential broke ground on its 270-unit Modera Kirkwood Apartments project at 3415 Washington Blvd. In June, the residential group announced the start of pre-leasing at Modera Founders Row and Verso Founders Row, two multifamily buildings that are part of Founders Row, the developer’s mixed-use community in Falls Church, a quick Metro ride from the R-B Corridor.
3. Leasing launched this April at Aubrey, one of three high-rise residential buildings at the Highlands, a mixed-use development in West Rosslyn. This 23-story building at 1788 North Pierce St. features 331 one-, two- and three-bedroom apartments and features a rooftop swimming pool, a roof terrace, a craft beer lounge, a billiards lounge, a media lounge, an exhibition kitchen, two libraries, a pet spa, a coworking hall, bike storage and more. The project, developed by Penzance, replaced a former office building.
4. In April, Jefferson Apartment Group announced that it has partnered with Chilean investor Stars REI to acquire land for a 108-unit multifamily project at 1031 North Vermont St. Records show the sale closed March 15 for $12.3M. Currently, the project is expected to include 98 apartments in a seven-story building and 10 for-sale townhouses.
5. Over the next five years, George Mason University will combine $250M in state funding, private philanthropy and investment from a developer partner to build an Institute for Digital InnovAtion headquarters on the school’s Arlington campus. The plan is for this headquarters to anchor the Innovation District the school is developing in Virginia Square. The school selected Edgemoor Infrastructure & Real Estate to develop the campus, and Harrison Street is serving as a capital partner.
6. WHINO, a 6,200 SF combination restaurant and art gallery, opened in June in the Ballston Quarter. The project, from D.C.-based art curator Shane Pomajambo, features dishes that “meld American and international flavors” and a rotating selection of large-scale mural installations that will be changed out each month. Diners will also have the opportunity to purchase limited-edition sculptures.
7. Tend, a spa-like dentistry clinic, will be opening in the Ballston Exchange complex across the street from Ballston Quarter in fall 2021. Some of the unique amenities the practice offers include the ability to book appointments through a phone app and the option for patients to watch Netflix with noise-canceling headphones while getting their teeth cleaned.
