2.7 acres at the “main-and-main” intersection in downtown Falls Church, Virginia currently improved with office and retail uses.
An extremely rare opportunity to own and potentially re-develop a large-scale mixed-use project in an existing urban core.
Insight and partner Kiddar Metz purchased 2.7 acres at the intersection of Route 7 and Route 29 in downtown Falls Church in January 2015 for $13,600,000. The parcels are currently improved with two office buildings and a free-standing restaurant pad.
Insight and Kiddar Metz plan to either re-position the existing improvements to enhance cash flow for a long-term hold or to re-develop the site into a new Class-A mixed-use community.
This large, in-fill suburban site sits in the heart of and at the primary intersection of Falls Church. Falls Church is a historically significant neighborhood that interweaves a strong residential fabric with an emerging downtown core. This City, which has the highest per capita household income in the entire country, is known for its beautiful neighborhoods and top-rated public school system.
The Falls Church Assemblage is within walking distance of the East Falls Church Metrorail Station and is adjacent to downtown employment, retail, dining and the historic State Theatre. This location also enjoys easy access to major commuter routes including Route 66, the Capital Beltway, Route 29 and Route 50. Most importantly the City is located at the tip of Arlington’s Rosslyn-Ballston Corridor and proximate to many major employment and destination-retail/cultural centers including downtown Washington, the Rosslyn-Ballston Corridor, Tyson’s Corner, Merrifields’ Mosiac District and Seven Corners.