Arlington, VA (November 23, 2021) — Snell Properties is pleased to announce it has partnered with Hoffman & Associates, a leader in mixed-use and residential development, on the redevelopment of two of Snell’s legacy properties located in the 4600 block of Fairfax Drive in Arlington, Virginia’s Ballston neighborhood.
The 530,000 square foot development will replace an existing office building and hotel that Snell has owned since the 1960s. The new multifamily project, referred to as 4600 Fairfax, is expected to deliver more than 500 residences consisting of 475 apartments and 29 townhome-style units.
The announcement of this partnership coincides with the filing of the project’s initial 4.1 site plan application with Arlington County.
Plans for the new development include a seven-story building on the north side and a four-story building with a penthouse on the south side of the site. The project was 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 excited to partner with a prominent developer such as Hoffman to transform our legacy assets to its highest and best use,” says Michael Eastwood, senior vice president of Snell Properties. “We believe this is a tremendous opportunity to support the rapidly evolving Ballston community by delivering an exceptional place to live in a highly desirable location.”
The proposed development advances 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: Kris Warner
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