Arlington, VA (July 15, 2023) – Snell Properties is pleased to announce that the redevelopment plans for 4600 Fairfax Drive received approval on July 15 by the Arlington County Board. Snell is partnering with Hoffman & Associates on the redevelopment of two Snell legacy properties located in Arlington, Virginia’s Ballston neighborhood, replacing an existing office building and hotel.
The multi-family project will deliver 450 residences across three buildings. Building one is seven stories and houses 420 apartments. Buildings two and three are each four stories and, together, provide 30 triplex-style, multifamily units. The buildings will transition in height from the commercial neighbors to the east, down to the single-family residents to the south and west.
Plans also include 12’-wide shared pedestrian and bike path that runs north/south, expanding and connecting to Arlington’s existing trail network.
The project is designed to follow Arlington County’s 2020 Green Building Incentive Program, which supports the delivery of high-performance buildings with reduced environmental impact, and to achieve LEED Gold certification.
“We are thrilled to have reached this significant milestone and continue to believe this new development will be a tremendous asset to the rapidly evolving Ballston community,” Michael Eastwood, Executive Vice President of Snell Properties, said.
The new development will advance Ballston’s vision to create a world-class urban neighborhood that offers a dynamic mix of housing, amenities, and entertainment with access to transit and employment centers.
4600 Fairfax Drive is expected to break ground in 2024.
About Snell Properties
Headquartered in Arlington, Virginia, Snell Properties is an investor, developer, and asset manager of a portfolio of multifamily, commercial, and mixed-use properties in urban and suburban submarkets surrounding Washington, D.C. and throughout the Southeast United States. Founded in 1947 by George Snell, the company has built a legacy of creating value with its core portfolio of multifamily and commercial assets. Today Snell is managed by a seasoned team of real estate professionals with expertise in value-add renovations, development, finance, acquisitions, and asset management. With a noteworthy portfolio of assets and exciting plans to expand into new markets and ventures, Snell is a boutique firm building on its legacy in innovative ways, including the redevelopment of the Ames Center in Rosslyn. For more information, please visit snellproperties.com.
About Hoffman & Associates
Hoffman & Associates is a leader in both residential and mixed-use development across multiple markets across the Mid-Atlantic. Since its founding in 1993, Hoffman & Associates has developed over 70 mixed-use, residential, office and retail projects with an unwavering commitment to sustainable and innovative development that puts community first. Hoffman & Associates is an industry leader in creating inclusive urban communities that bring people together and raise the human spirit. The company has major developments throughout the Washington, D.C. metropolitan area, Raleigh, North Carolina, and Falls Church, Virginia. Hoffman & Associates is also the managing member of Hoffman-Madison Waterfront, a joint venture with Madison Marquette, which is developing The Wharf, a $3.6 billion, 3.2 million square-foot neighborhood along Washington, D.C.’s waterfront. Other developments include Seaboard Station, West Falls, Waterfront Station II, The Banks, The Bower, 525 Water, VIO, The Channel and Incanto. Hoffman & Associates is based in Washington, D.C., with a second office in Raleigh, North Carolina. For more information please visit: www.hoffman-dev.com.
Contact: Emily Bricker
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