The building’s current tenant, the Department of Defense, will be moving out in December as a result of the Base Realignment and Closure Act (BRAC). In anticipation, the building’s owner is embarking on a major renovation project to “re-position” the 1960s-era building for occupancy by a new tenant.
“The building… will be fully renovated, with a new lobby, landscaping, façade improvements, fitness center, updated common areas, updated HVAC and fire and life safety systems, and a roof deck with extensive views,” according to a press release. “We see a unique opportunity to deliver a fully refreshed, high quality work environment at a price point substantially lower than the new buildings being delivered in the Rosslyn-Ballston corridor.”
To fund the $5 million renovation project and the leasing efforts, owner RESI Management has raised $21.2 million from Chevy Chase-based Federal Capital Partners, along with a $33.5 million loan from Wells Fargo. The renovations are expected to be complete by mid-2013.
The 184,216 square foot building first opened in 1966. Located two blocks from the Ballston Metro station, the building has been serving as the headquarters for Department of Defense Education Activity, which manages schools for military children.
Arlington County police say the rideshare driver who crashed into Ireland’s Four Courts on Friday did not do so intentionally and was not drunk. Beyond that, not much is known…
A set of utility covers in the middle of Wilson Blvd that have bothered residents for nearly a decade may finally get a permanent fix. For Alex Korolkoff, the banging…
This week, Mike Mount is tackling the topic of recently-created neighborhood names. Mike’s new cartoon pokes fun at modern place name inventions, perhaps given recent media attention for National Landing…
The impact on the housing market slowdown in different regions is discussed in Ask Eli.
Do you struggle with anxiety, depression, stress, grief, trauma or anger? Are
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Lauren K. Nickum, LCSW, CSAC from Peaceful Mind Solutions is now taking new
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15 year old Australian Shepherd went missing from her yard in Waycroft-Woodlawn on the evening of August 8.
A pet tracker hasn’t been able to find her, and despite roaming in a busy area, there have been no reported sightings. She is microchipped, and her information is up to date. It’s most likely someone has picked her up. If found, or if there is any information, please contact the Animal Welfare League of Arlington or her owner at 571-510-0508 or [email protected]. If spotted, please don’t approach or call to her, but take a picture and call her owner.
Have you ever considered purchasing a rental property but weren’t sure where to start? This free webinar will go over the basics of how to invest in real estate, how to choose rental properties, and a market overview. Our Director