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Phase I of $90M Mixed-Use Project Begins

FAIRFAX, VA-Ground breaks on Phase I of the $90-million Old Town Village Fairfax, a mixed-use development here. The first segment of the project will contain 144,000 sf of class A office and ground-level retail space contained within four buildings.

By Barbra Murray | Updated on February 28, 2006

FAIRFAX, VA-Construction has started on Phase I of the $90-million Old Town Village Fairfax mixed-use project. Trammell Crow has joined forces with Walnut Street Development and J. Donegan Co. to develop the project on behalf of CH Realty III/Old Town Village LLC. The dual-phase endeavor will ultimately include office, retail and residential elements, as well as a parking facility.

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.

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