The Shooshan Company and Brandywine Realty Trust begin vertical construction of 4040 Wilson, a vibrant addition to the evolving Ballston Neighborhood
The Shooshan Company, LLC and Brandywine Realty Trust (NYSE: BDN) announced today that vertical construction has since commenced at 4040 Wilson, Washington D.C.’s first mixed-use tower, and the final phase of The Shooshan Company’s 2.25 million-square-foot Liberty Center development.
4040 Wilson, Ballston’s soon-to-be-tallest building, will offer the most unique opportunity in the market. The 22-story, trophy-caliber building will feature 188,000 square feet of quality Class A office space, 250 luxury residential units and over 37,000 square feet of retail space under one roof.
“There is nothing like 4040 Wilson Blvd. in the current marketplace for both office and residential tenants. Once complete, 4040 Wilson will be the tallest building in Ballston, boasting a rooftop conference and events center that provides expansive views of DC,” said John Shooshan, CEO and President of the Shooshan Company. “It’s exciting to be working on projects that change the landscape of neighborhoods and pave the way for the future. 4040 Wilson and Liberty Center do just that for Ballston while providing the community and tenants with retail and lifestyle amenities such as VIDA Fitness, the Liberty Center retail mix, and Ballston Quarter.”
Strategically located within one of Washington D.C.’s most desired submarkets, the vertical mixed-use development offers residents and tenants the best elements of a vibrant urban environment. Tenants and residents of 4040 Wilson will have walkable access to Ballston Quarter, the Ballston Metro station and the high-rises, upscale hotels, shopping, restaurants and interactive green spaces along Ballston’s Wilson Boulevard.
“Ballston has evolved from a predominantly commercial district dominated by office space, into a hub of advanced research, learning, technology and science, attracting intellectual institutions, private firms and government agencies, while simultaneously experiencing an influx of adventurous new restaurateurs and retail partners,” said Jerry Sweeney, President & CEO of Brandywine Realty Trust, “4040 Wilson illustrates smart growth planning. It capitalizes on this nexus of innovation by catering to ever-evolving workplace trends while creating an integrated lifestyle in a highly desirable location experiencing a strong trajectory of growth.”
Complementing the vibrant neighborhood, 4040 Wilson caters to evolving workplace and lifestyle trends with thoughtfully curated amenities designed to create a modern, elevated experience. Residents and tenants will have access to:
- A rooftop terrace and conference & events facility exclusive to office tenants atop the 22nd story, providing unobstructed views of Washington D.C. that are exclusive to office tenants.
- A separate rooftop amenity space, including a pool, exclusively dedicate to residential tenants
- A multitude of nearby dining options including Taylor Gourmet, Rustico, Buzz Bakery, Sweet Green, and a new restaurant yet to be named within the building.
- Mosaic Park, an adjacent interactive park and urban plaza, which offers entertainment for all ages including a children’s play area, multi-purpose court, flexible use lawn area, and pedestrian paths throughout
- Washington D.C.’s number one fitness facility, VIDA Fitness, will open its first Arlington location at 4040 Wilson, serving as an amenity to the community, in addition to the building’s residents and office tenants.
- Five stories of onsite parking with areas dedicated to office, residential and retail tenants.
This innovative, LEED Gold and Energy Star Certified project recently secured a $150MM construction loan with BNY Mellon and SunTrust Banks, and signed a Guaranteed Maximum Price (GMP) contract with Clark Construction. Additionally, 4040 Wilson has attracted industry leaders AvalonBay Communities, Inc. as the anchor tenant of the commercial office component of the mixed-use building, occupying approximately 73,000 square feet and VIDA fitness as the anchor tenant of the retail portion, occupying approximately 30,000 square feet.
“We have been entrenched in the Ballston community for more than 30 years, and we are thrilled to see the growth and vitality the neighborhood is experiencing,” says Timothy Naughton, CEO, AvalonBay Communities. “As we prepare to relocate our headquarters to 4040 Wilson, we look forward to furthering our investment in the Ballston neighborhood, while offering our employees a well-located and amenity rich workspace.”
Pre-leasing for the remaining commercial office space is currently underway, with interior construction slated to commence in the fall of 2019. The building is expected to deliver in full in January 2020.
About The Shooshan Company:
The Shooshan Company (“TSC”) is a privately-owned investor and full-service developer, leading innovative real estate projects built on integrity and community commitment. We pride ourselves in being the local real estate developer of choice in Arlington, Virginia. TSC has now planned, developed and invested in over 4,000,000 square feet of mixed-use space in Arlington, including some of the market’s most prominent office buildings, high end residential high-rise buildings and most notable retail locations in Northern Virginia.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit www.brandywinerealty.com.
