The Arrowbrook Centre development, a mixed-use project approved by the county in 2005, is finally moving forward.
The owner of the site, which is near the future Innovation Center Metro Station, plans to build a 274-unit workforce housing project on the site. The project is expect to break ground near year and deliver in 2022, according to a Bisnow report.
Overall, the site includes 2 million square feet of development. The residential component of the project will move forward while the high-rise commercial component will linger on the drawing board until office demand increases.
In February, the county approved a $2.8 million loan to help SCG Development finance the project. A spokesperson for the developer said that the company plans to lease 36,000 square feet of retail in the building.
Here’s more from the report:
“It is important to create a walkable, mixed-use community with amenities,” Gravett said. “It’s an evolution of creating a cool place to be. The important part is that people want to live there.”
The Arrowbrook Centre development site, near the intersection of of the Dulles Toll Road and Centreville Road, is owned by the Ruth and Hal Launders Charitable Foundation. The Launders family has owned the property since 1947 and operates it through the entity Arrowbrook Centre LLC…
The highest-density part of the Arrowbrook Centre project is planned on a 10-acre parcel along the Dulles Toll Road and near the future Silver Line station. That portion would include three office buildings totaling 645K SF, a 150K SF hotel and a 250K SF high-rise residential building.
Jeffrey Fairfield, the manager of Arrowbrook Centre LLC, said the ownership group has been waiting for the office market to improve on the Toll Road before selling the commercial portions of the site to developers.
“If you had asked me in 2000 if it would take this long, I would have said no,” Fairfield said. “But in retrospect, I’m not surprised. Real estate development takes a long, long time.”
The developer went back to the county three years ago to add 280,000 square feet to the overall development, which was originally approved in 2005.
Pulte Homes is in the process of developing townhouses and condo units on the property.
Photo via Pulte Homes
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