Exclusive Investment Offering: Condominium Interest - Transwestern

28
Falls Church Mixed-Use Developments
1 THE SPECTRUM 2 THE BYRON 3 PEARSON SQUARE
Developer Waterford Development & Akridge JPI Atlantic Realty & Carr Enterprises
Address 444 West Broad Street 513 West Broad Street 410 S. Maple
Assessed/
$133.4 Million $66.1 Million $165 Million
Estimated Value
Square Feet 355,000 Sq. Ft. 153,400 Sq. Ft. 434,000 Sq. Ft.
Description
Project Status
Set in Falls Church’s historic district, this
191-unit residential condominium project has
approximately 33,000 square feet of Class A
office space, and 33,000 square feet of retail
space, and a 600-space garage. At this time,
the retail component is nearing 70% leased
with rentals ranging from $40 to $45 psf triple
net.
Under construction, estimated delivery in
March 2008.
The Byron is comprised of 90 residential units,
10,000 square feet of retail space and 12,000
square feet of Class A office space. Condominiums
are selling for $500,000 to $700,000. The
retail component is leased to Cosi and Verizon
Wireless.
Completed in 2006.
This project consists of 230 residential rental
units, 75,000 square feet of Class A office
space, and 25,400 square feet of retail and restaurant
space. The office building at 400 South
Maple was completed in 2006 with 22,000
square feet of space remaining and approximately
8,000 square feet of retail space
available. The retail space will also feature a
3,000 square foot visual/performing arts center.
75,000 SF of office delivered in 2006, residential
and retail under construction and scheduled
for completion in February 2008.