Old Town Village sits in the historic Old Town district of Downtown Fairfax at the intersection of Chain Bridge Road and Main Street, near Interstate 66. Designed by CMSS Architects in a manner that is consistent with the existing architecture of the area, the property will serve as a new live-work-play destination. Phase I, which carries a price tag of $50 million, will consist of 144,000 sf of class A space in four structures, with 91,000 sf allotted for office space and the remaining 53,000 sf dedicated to ground-level retail. A parking facility to accommodate over 550 vehicles is also under way.

Phase II of Old Town Village will culminate with 90 luxury condominium units at a development cost of $40 million. The residences will be sited at the location of the Fairfax County Library; it is the library that constitutes the final piece of the new Old Town puzzle. A new $24-million library, a project separate from the dual-phase Old Town Village endeavor, is being developed to replace the existing one.

Old Town Village, Trammell Crow managing director Stephen Shelesky notes, is part of the development teams' effort "to join the City of Fairfax in revitalizing the Old Town district." The two phases of Old Town Village will deliver in stages beginning in the spring of next year.