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Posted at 05:30 AM ET, 07/31/2012

What’s going on with . . . the Founders Square development in Ballston?

(Editor’s note: An earlier version of this report contained three errors. The Founder’s Square project would include a Residence Inn by Marriott, not a Residence by Marriott. The project would be completed by March of 2013, not March of 2012. And “The Place” apartments at 4000 Wilson Blvd. would include 257 units, not 357 units.)

Those looking for an end to the construction happening between Randolph and Quincy streets along Wilson Boulevard, in Arlington, will be waiting for some time.

Those looking for a new mix of offices, retail, a hotel and restaurants a few blocks from the Ballston Metro station, however, have a lot to look forward to.

In May, an agency sometimes referred to as the brain of the Pentagon, the Defense Advanced Research Projects Agency (DARPA), moved its headquarters into a shiny new office building here at 675 North Randolph Street.
Founders Square, on Wilson Boulevard in Ballston, is being developed by the Shooshan Co. (Photo by Tom Gaultney)

DARPA’s move was the first step in what is envisioned as a much larger project called Founders Square. Nearly completed next door is a 183-room Residence Inn by Marriott being built by the Donohoe Cos., which has reached full height and should be complete by March of next year.

In the earlier stages is a 257-unit apartment building at 4000 Wilson Blvd. — dubbed “The Place” — that developer Kevin Shooshan of the Shooshan Co. says will be complete in October of next year. “We’re digging. Just reached the bottom of the hole,” he says.

Both the hotel and apartment building are expected to achieve silver environmental ratings under the LEED green building program.

Shooshan expects to also bring new restaurants into the apartment project, but says he won’t have names until the building is closer to being completed. Check out details of the retail space here.
Founders Square, on Wilson Boulevard in Ballston, is being developed by the Shooshan Co. (Photo by Tom Gaultney)

“I’d love to get a restaurant-bar concept there,” he said. “We have a big courtyard area with close to 100 seats outside...so it’s a great place for a restaurant-bar and then we have two other smaller spaces that will have more quick service retail.”

Eventually, Shooshan plans another 410,000-square-foot office building and 8,500 square feet of retail space at 4040 Wilson Blvd. At 20 stories, it will be the tallest building in the project.

More cranes!

Follow Jonathan O’Connell on Twitter: @oconnellpostbiz

By  |  05:30 AM ET, 07/31/2012

Tags:  Ballston, Founders Square, Arlington, DARPA, commercial real estate, Pentagon, Department of Defense, Marriott, Ballston

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