On February 25th, the Arlington County Board unanimously approved Penzance’s 1555 Wilson Boulevard 4.1 Site Plan project. The applicant, represented by Matt Roberts, proposed to rezone the properties and submitted a 4.1 Site Plan application to permit approximately 1.2 million square feet of mixed-use development in the West Rosslyn area. The project, approved at 10 FAR, will deliver roughly 30,000 square feet of retail space and 892 units, including 105 condominium units, in two buildings spanning the site. The project will also deliver vital community benefits called for in the West Rosslyn Area Plan, including a new Fire Station No. 10 in the project’s East Building, an extension of North Pierce Street through the site, and a redeveloped Rosslyn Highlands Park. For additional information, you can read the project’s staff report here.
Economic Dynamics and Risk Management in Construction: A Legal Perspective for 2024
In our last article, we discussed the general state of the regional construction economy and how that applies to specific industry vertical markets. We now turn to specific national macro-economic trends and discuss how these trends in turn impact the current regional...