REPORTS....
The Donohoe Cos. Inc. plans to construct a $50 million Residence Inn by Marriott at the Founders Square project in Ballston. D.C.-based Donohoe will break ground on the 183-room hotel in the third quarter of 2011, pending Arlington County approval. The hotel, which could be the first in Arlington to start since 2008, would be finished in 2013.
The 150,000-square-foot project would be part of The Shooshan Co.’s Founders Square, a mixed-use project at Randolph Street and Clarendon Boulevard anchored by the Defense Advanced Research Projects Agency.
The Founders Square plans include 362 residential units in two towers, 650,000 square feet of office space and 26,900 square feet of ground-floor retail. Shooshan is seeking approval to convert one of the planned residential towers into a hotel. The Arlington County Board will make its decision in January. The hotel, which will include 2,000 square feet of retail, will be managed by Donohoe Hospitality Services, a unit of Donohoe. Donohoe will begin seeking construction financing next year. The developer, one of the largest independent operators of hotel rooms in the Washington area, opened a Residence Inn last year in the Court House
neighborhood of Arlington.
The most recent hotels to break ground in Arlington were the Renaissance Crystal City Potomac Yards and the Residence Inn Crystal City Potomac Yards, which are expected to be completed in the next few months. Shooshan is one of three Ballston property owners pushing to create a business improvement district as early as next year. One goal of the BID is to solidify Ballston’s identity as a hub for science and technology. Along with the incoming DARPA, other organizations in Ballston include the National Science Foundation and
the Ballston Science & Technology Alliance. Virginia Tech’s massive research center is under construction.
“Once that gets filled, more [hotel] rooms will be used,” said Pamela Kahn, executive director of the Ballston Partnership. “There are a lot of events and programs, and we will need more rooms when increasing that kind of programming for the public.”
Article Source : http://www.donohoe.com/LinkClick.aspx?link=pressreleases/Donohoe+plans+Marriott+Ballston.pdf&tabid=72&mid=418
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