LATEST NEW DEVELOPMENT SOLD BY FRASER FORBES BROKERS BREAKS GROUND--Safeway on Columbia Pike in Arlington, Virginia Sold by Fraser Forbes Company.
11/1/2007
Mark Anstine, Executive Vice President and Dan Lockard, First Vice President of the Fraser Forbes Company, announce that the site of the former Safeway grocery store, now known as Siena Park on Columbia Pike in Arlington, VA, has officially broken ground. This team at Fraser Forbes Company brokered the sale of the property to Woodfield Investment, LLC, in December 2006. The site is located directly in the Town Center of the Columbia Pike Revitalization District and is planned to be built into a mixed use residential property featuring 188 residential units and a first floor retail use. This is the fourth parcel and fifth transaction the duo have brokered in the revitalization district for major mixed use developments since the adoption of the Form Based Zoning Code along Columbia Pike. In total these transactions total approximately 900,000 sq. ft. of new construction and approx. $210 million of new development on the corridor.
