Exclusive Investment Offering: Condominium Interest - Transwestern

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30 The City of Falls Church by the Districts The City of Falls Church L ocated within the Capital Beltway, the City of Falls Church is building on its history, creativity, and “hometown” feel to expand its existing base of outstanding retail establishments. We seek an exciting mix of retailers who need a loyal audience — the residents and workers of Falls Church. The City of Falls Church has a strong day and evening population that is well-educated, wellcompensated, and committed to the community. They are underserved in grocery, goods and services, dining choices, and home goods retail, to name only a few. We are excited to fill these needs with new developments that will appeal to the retailer and the customer alike. Within the next three years, approximately 65,000 square feet of new retail space will be built in the City. 1 2 4 3 T Lou of wo ev co un an th th re r y City of Falls Church Retail Study In 2005, the City retained Retail Compass, LLC to evaluate our place in the local markets and to provide a realistic perspective for our retail goals. They concluded: • The demand for retail within City borders exceeds what is currently under construction or planned by almost 90,000 square feet. • The City of Falls Church is vastly underserved in the Food and Beverages retail category. • In the next three years, over 500 new residential units and almost 120,000 square feet of new office space will further contribute to the growing retail demand. What You Can Expect: • The City’s willingness, interest, and drive to create new retail hubs will encourage retailers to reevaluate Falls Church. • New development under construction will offer retailers brand-new, retail-appropriate space. (However, if you are looking for funky, one-of-a-kind space, we have that, too.) • Our residents seek local options for their spending. They are no longer willing to regard Tysons Corner, Arlington, and Alexandria as their only shopping alternatives. • The City of Falls Church customer base has a long-standing tradition of supporting local retailers in the community… because they are OURS. 1. West End The Western gateway to The City of Falls Church offers strong retail presence with the Giant-anchored Falls Plaza and West End Plaza. 2. Broad-Penn An emerging retail district, three new developments give Broad-Penn identity. The Byron, The Broadway, and The Spectrum provide a solid base of new retail opportunities for this central section of Broad Street. 3. City Center At the northwest corner of the busy intersection of Broad and South Washington, this area is preparing for redevelopment. It is the targeted site for the community-oriented retail, residential and commercial hub of the City of Falls Church. 4. South Washington Street The high-volume of street traffic along this corridor creates significant retail opportunities that will be further enhanced by the introduction of the Pearson Square development, as well as numerous infill projects. Contact Information City of Falls Church, Economic Development Office (703) 248-5491 Richard Goff, Director (rickgoff@fallschurchva.gov) Becky Witsman, Business Development Manager (bwitsman@fallschurchva.gov) C In pe
31 Transportation Overview Residents and tenants at The Broadway enjoy superior access to the entire Washington Metropolitan area. The Broadway is ideally set on Broad Street known as Route 7, a major corridor connecting southeastern Virginia at Old Towne Alexandria through Tysons Corner and northwest to Dulles International Airport. Over 27,000 cars pass The Broadway daily, ensuring significant retail patronage. Falls Church is also served by Interstate 66 just 1 mile west and I-495 (the Capital Beltway) is just 2.5 miles from the subject property. Access to two Metrorail stations is available at East Falls Church and West Falls Church, both located approximately 1 mile from the subject property. GEORGE bus-service, through the Washington Metropolitan Area Transit Authority, provides city-wide bus service connecting major employment nodes at stops directly in front of the Broadway at West Broad Street and N. Pennsylvania Avenue. Just over 1 Mile from the East & West Falls Church Metro Stations ASSET INVESTMENT SALES GROUP
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Exclusive Investment Offering: Condominium Interest - Transwestern

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