JV Celebrates Milestone for 4.2 MSF DC-Area TOD
- Aug 01, 2018
The Meridian Group and Kettler have reached a pivotal point in the creation of The Boro, a new transit-oriented development that will ultimately consist of 4.2 million square feet in Tysons, Va. The joint venture partners celebrated the topping out of the structural steel for a mixed-use component within the larger, 18.1-acre mixed-use project sited just outside Washington, D.C.
The newly announced progress at The Boro involves the segments known as Block A and Block B, which are part of the Shalom Baranes Associates-designed development’s 1.7 million-square-foot first phase. “This project incorporates the thoughtful, sustainable planning of a walkable urban place, ‘WalkUP’, that residents and tenants demand in today’s marketplace,” Tom Boylan, a vice president with The Meridian Group, told Commercial Property Executive. “The timing for developments such as The Boro will always be right when live/work/play environments are desired.”
Block A will deliver three residential towers encompassing 677 luxury multifamily units, including 140 condominium residences; ground-level retail; a 69,000-square-foot flagship Whole Foods market; and a raised podium featuring a one-acre SkyPark. Block B will be home to The Loft, a 150,000-square-foot office building with two floors of retail offerings.
As noted on Meridian’s website, The Boro is primed to spur the transformation of Tysons from a commuter-centric “edge city” to a self-sustaining urban district. The project is a welcome endeavor across Fairfax County.
“Mixed-use projects are important for Fairfax County because they make the county even more attractive for employees and for companies that want to attract and retain talent, and they add to the amenities that give employees, residents and visitors more things to do after work,” Gerald Gordon, president & CEO of the Fairfax County Economic Development Authority, told CPE.
Clark Construction, the general contractor for Blocks A and B, is on schedule to complete the project in 2019.
Image courtesy of The Meridian Group