Neighborhood Watch

Ballston Office Building Across From Future METRO Entrance May Convert to Mixed Use Project

Area development giant JBG Companies just sold one of it’s Ballston office buildings to a three team partnership. 4420 Fairfax Drive in Ballston, a 5 story, 57,496 sq. ft. building, will most likely be converted to a mixed use office/retail/residential project. There is a planned new METRO entrance for Ballston that will open adjacent to the site within a few years. The current METRO is just 2 blocks away.

The project ‘may’ convert to a mixed use project with residential units. “The reason it’s a ‘maybe’ is because this property positions itself financially well to remain as an office building or to convert to a new project,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “The new team has options at their disposal, due to the presence of the upcoming new METRO entrance. This same property has been proposed as a 245,000 sq. ft. multi-family project by JBG as far back as 2006. That plan was mothballed due to the state of the area condo market in 2006.”

The prior plan called for a 23 story, 237 unit condo building known as the Fairmont and was part of the larger JBG ‘Arlington Gateway’ effort. The current office building is the home of tenants like Westwood College and Fonteva, Inc.

Skip to toolbar
Tools Fast Help