Shooshan Company
IN THE NEWS
Taylor Gourmet heading to Ballston
Taylor Gourmet is opening its first Arlington location in the Liberty Center South development on Wilson Boulevard, according to building owner The Shooshan Co. The Philadelphia-inspired hoagie shop will take the prime retail space at 4000 Wilson Blvd., at the corner of Wilson and North Quincy Street, according to Kevin Shooshan, director of leasing.Founders Square apartments in Ballston land financing
Arlington’s Shooshan Co. plans to break ground in mid-March on a 17-story apartment building at Founders Square, a 1.2 million-square-foot development near the Ballston Metro station that has been in the works since 2007. Shooshan affiliate Ashton Park Associates III LLC closed Feb. 24 on a $71.1 million construction loan to finance The Place, a 257-unit rental building slated for completion in 2013. Holliday Fenoglio Fowler LP directors Susan Carras, Walter Coker and Brian Crivella brokered the financing deal through SunTrust Banks Inc.Ballston BID ‘Very Excited’ About Ballston Common Mall Redevelopment
A long-awaited renovation project is inching closer to reality for Ballston Common Mall. Mall owner Forest City Enterprises has been in the planning stages for major renovations to the 26-year-old, 580,000 square foot facility since at least 2010. Today (Wednesday) the Washington Business Journal reported that that the company revealed preliminary plans and renderings for the renovations at an industry conference in National Harbor.Office of Naval Research reenlists for 5 years
The Office of Naval Research has reached a deal to stay at One Liberty Center for another five years under a lease renewal negotiated by the federal General Services Administration. The GSA awarded the lease renewal Wednesday to Ballston Investor Group I LLC. The contract price is $59.6 million. The Shooshan Co. developed 875 N. Randolph St. as part of its larger Liberty Center complex.Arlington Partnership for Affordable Housing Names 2012 Affordable Housing Honorees
Arlington, VA - The Arlington Partnership for Affordable Housing (APAH) yesterday announced its 2012 Affordable Housing Honorees.
"In 2012 we are recognizing Ron Carlee, former Arlington County Manager, for his steadfast commitment to Arlington's affordable housing policy, and John Shooshan, President, The Shooshan Company, for his unwavering leadership in our County's effort to end homelessness," said Nina Janopaul, APAH President/CEO. "They will be honored at the Celebration of Affordable Housing, APAH's Annual Fundraiser, on October 2, 2012, at the Clarendon Ballroom in Arlington, VA."
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The Rosslyn-Ballston Corridor, Part II: A Vibrant, Mixed-Use Oasis in the DC Area
This is the second part of my focus on the Rosslyn-Ballston (R-B) corridor as an oasis of prosperity and vibrance in the Washington region. Served by five Metro stops within four miles, the corridor continues to attract new tenants, buyers, and developers in the face the deepest recession since the Great Depression. - See more at: http://dc.citybizlist.com/article/rosslyn-ballston-corridor-part-ii-vibrant-mixed-use-oasis-dc-area#sthash.5DHJEI2r.XDDFJdXJ.dpuf
Arlington Launches Homeless Housing Fundraising
The homeless are not difficult to find in Arlington County if you know where to look. Some hang out by certain Metro exits, while others prefer to slip into the vest-pocket parks where few notice them. One man, sleeping by a dumpster behind a funeral home, died last month during the temperate spring weather that didn’t seem dangerous to those with a roof and a bed. In 2011, at least three other homeless people died.$71.1M Construction Loan for Founders Square High Rise in Arlington, VA
Ashton Park Associates III, LLC, an affiliate of the Shooshan Company, has secured a $71.1 million non-recourse construction loan for the development of The Place, a 17-story, 257-unit, Class A multi-housing project in Arlington, Virginia.
The Place will be the residential cornerstone of Founders Square, a 1.2 million-square-foot, mixed-use project with a goal of LEED Gold certification for a Neighborhood Development.
- See more at: http://dc.citybizlist.com/article/711m-construction-loan-founders-square-high-rise-arlington-va#sthash.gbJC78L8.fKn9ywX7.dpuf