Work Begins on Founders Square Residential Building

Excavation has begun for the 17-story, mixed-use residential and retail building at Founders Square called The Place.

Crews are digging at 4000 Wilson Blvd. in Ballston to prepare the lot for construction, said Kevin Shooshan, leasing and marketing director at the Shooshan Company. Preparation work for the proposed LEED Silver building includes cleansing the soil at the former brownfield site.

Construction of The Place (left) is underway. An office building (right) also is planned for the site.

KBR Building Group received the construction contract last month and began work soon after, a spokeswoman for the company said. She said construction would be completed by early 2014, but Shooshan said the building would be finished at the end of next year.

The Place has nearly 9,000 s.f. of retail space below the residential units. Shooshan said he is not yet leasing space, but a roughly 5,000 s.f. area targets a restaurant/bar, with the rest well-suited for smaller restaurants and cafes that cater to the businesses and residents in the area.  On average, apartments are just under 800 s.f.   Residents -- especially those on the upper floors -- will have views of the District to the east, Shooshan said. There will be 280 parking spaces on four below-grade levels.

Shooshan closed in February on a $71.1 million loan from SunTrust to build The Place, one of four buildings slated for the company's mixed-use development designed by RTKL that includes residential, office and hotel space with about 25,000 s.f. of retail spread throughout.

A few months ago, the Defense Advanced Research Projects Agency (DARPA) moved into a 13-story, 350,000-square-foot, LEED Gold office building completed in the first phase of development.

The Donohoe Companies is working on an 11-story, 182-room, LEED Silver Residence Inn by Marriott just to the south, crews have already built up to the sixth floor.

The fourth building, just east of The Place at 4040 Wilson Blvd., is planned as a 20-story, 400,000 s.f., LEED Gold office building. Work has not started on the last building.

Arlington, Va., real estate development news