Ballston and Virginia Square are new “urban villages,” regional transit-oriented communities in Arlington, Virginia, comprising approximately 2.25 square miles, a total of 418 acres. The area is a major sub-market in the Washington metropolitan region.

Two Metro stations – Ballston and Virginia Square – anchor the area, making it possible for residents, office workers and visitors to arrive via transit and reach their destination within a ten minute walk. In addition, the area is directly accessible to Interstate-66, which connects to downtown Washington DC as well as Northern Virginia’s fast-growing suburbs.

Ballston-Virginia Square Demographics
The population of Ballston-Virginia Square grew by 13.7% between 2000 and 2006, and it is projected to grow by another 10.6% in the next five years. The current median age is 36.2, while the average age is 40. Five years from now, the median age is projected to be 39.5.

The average household income in Ballston-Virginia Square is estimated to be $104,930, and is projected to increase 14.5% over the next five years. The average family household income is $134,824. Estimated per capita income is $59,008.

67.1% of the population in Ballston-Virginia Square is employed, and more than 38% of the population holds advanced degrees.

According to marketing profiles, the majority of the Ballston-Virginia Square population consists of young employed professionals who are affluent and highly-educated. As consumers, they can be expected to purchase luxury automobiles, chic clothing and accessories, and every technological upgrade, including wireless. They also belong to fitness clubs, enjoy international travel and frequent the arts.

Development of Ballston & Virginia Square
The Ballston Sector Plan was completed in 1980 and the Virginia Square Sector Plan, originally completed in 1983, has recently been updated. Both plans have driven Smart Growth-style development, resulting in a vibrant mix of office, residential, retail and hotel construction. Ballston and Virginia Square presently maintain low office vacancy rates [ less than 4.7% in April 2006 ].

Ballston recently welcomed the first Westin Hotel in the state of Virginia, The Westin Arlington Gateway, at 801 North Glebe Road. The hotel is a $75 million, 336-room, 4-star property, owned by The JBG Companies and operated by Starwood Hotels and Resorts.

Opened in November 2006, the Kettler Capitals Iceplex has brought new excitement to the area, with regular practices by the Washington Capitals professional hockey team open to the public, ice skating lessons, and public skating opportunities.

Recent office deliveries include:

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Ballston Point at 4300 Wilson Boulevard with 251,170 square feet of office and 17,377 square feet of retail space.

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The award-winning Arlington Gateway Office building at 901 North Glebe Road with 312,500 square feet of office and 22,450 square feet of retail space.

•  FDIC Phase II at 3503 Fairfax Drive with 373,380 square feet of office and 5,108 square feet of retail space.

Recently delivered is the George Mason University Foundation Building at 3434 N. Washington Boulevard, fully leased to SRA International. The building contains 192,448 square feet of office space, and 13,275 square feet of retail space.

Under construction is the mixed-use Liberty Center between Wilson Boulevard and North 9th Street, Quincy and Randolph Streets. When completed Liberty Center will contain 483,454 square feet of office, 23,805 square feet of retail space, 234 luxury condominiums and 235 rental apartments. The condominium is more than 82% pre-sold, with delivery scheduled for late 2007.

Like Liberty Center, Ballston and Virginia Square residential buildings exhibit strong market attraction. Recently completed:

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Quincy Plaza, 3900 Fairfax Drive, a 21-story building with 499 rental units

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Joule, a 9-story building with 87 luxury condominiums, including some lofts.

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The Monroe, 1002 N. Monroe Street, a 9-story building with 79 condominiums

•  The Hawthorn, 820 N. Pollard Street, a 9-story building with 135 condominium units

Construction will also begin soon on

•  Amelia Residences at Virginia Square, 3801 Wilson Boulevard, with 108 units.

Ballston and Virginia Square are being transformed into fully actualized, mixed use communities. Arlington’s “new downtown,” visualized in the 1980 Sector Plan, is emerging.

More importantly, the Ballston-Virginia Square Partnership continues to be instrumental in the stewardship of this development, as well as in promoting and enhacing the area’s quality of life. The Partnership is actively engaged in attracting cultural and recreational opportunities, designing streetscapes and parks, evaluating public art, supporting WalkArlington projects, and improving all aspects of community life.

 

 

 

 

 

 

 

 

 

 


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