A general contractor will be selected at a bid opening set for the last week of November, he tells GlobeSt.com. The project has been being designed by O'Brien Associates, with construction financing from Bank of America.
Parkway Business Center will be situated in the south Arlington submarket at the intersection of New York and Tech Center Parkway, an area considered ripe for development due to its proximity to Interstate 20. "The market has pushed south that far," Blaine notes. "That's the new area. We're just rolling the dice on an expensive project."
Bradford is tailoring the structures to small users, a key that Blaine says will deliver success. "The bulk user is being satisfied by other developers. No one has built to target the small users," he assesses of the south Arlington submarket. The project's flex design is geared to tenants needing 15,000 sf to 50,000 sf, requiring low or high levels of office finishes. The property has an estimated 450 feet of street frontage on New York and 1,000 feet on Tech Center Parkway.
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