The county says the redeveloped property would bring in additional property, sales and meals taxes of between $152 million and $167 million.
How many times have you driven by Arlington Virginia’s Ballston Commons and wondered, “When are they going to update this once great mall?” We do each time we pass by. Ballston is a great, walkable Arlington community noted for an eclectic restaurant scene, excellent public transportation via bus and metrorail, a mixed variety of home styles from sky high condominiums to suburban style single family homes. It’s a wonderful mix of urban environs and a suburban lifestyle. If it has one major downfall, it’s the mall which is outdated and neglected by many shoppers in favor of funky boutiques in the area or the malls in Tyson’s Corner and Fair Oaks.
The Girls of Real Estate are so excited that the Arlington County Board seeks to expand and improve Ballston Commons in the near future. On Nov. 17, 2015, the Arlington County Board will consider a public-private partnership agreement with the owners of BallstonCommons (Forest City Washington) to improve and expand retail space, create a residential tower, make site improvements and overhaul the existing infrastructure. The County’s share of the project is expected to be a shade over $10 million. Click to read complete details about the proposed Ballston Commons improvements provided by the Washington Business Journal.