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Ballston Quarter Ballston Quarter

ARLINGTON, VA-Arlington County Board voted this week to create its first Community Development Authority, or CDA, with an eye to funding public infrastructure costs related to the Ballston Quarter’s ongoing redevelopment.

When Arlington County Board signed off on its agreement with Forest City Enterprises last November,  it agreed to fund up to $55 million in public infrastructure costs related to the project, including improvements to the Ballston public garage, investments in Wilson Boulevard and North Randolph Street, and the creation of public plazas. The $300 million plan renovates the mall with an open-air design and resurfaced exterior and interior facades. It also adds a 406-residential unit and — courtesy Arlington County —  improved parking and transit facilities.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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