Edens & Avant breaks ground for 1.9m s/f mixed-use development
Edens & Avant recently broke ground for Mosaic, a 31-acre urban mixed-use development, at the intersection of I-66 and the Beltway (I-495). The project is part of a long-term revitalization of key areas in Fairfax County.
"As a company, we are energized to be a part of the revitalization of this district in Fairfax County," said Jodie McLean, president and chief investment officer of privately-held Edens & Avant, the developer behind the 1.9 million s/f project. "We view our project as the ember of a much larger urban plan that will be the catalyst of economic and community development for a much larger district."
Opening in fall 2012, the first phase of the project is more than two-thirds leased and includes a mix of 400,000 s/f of both national and local retailers, an eight-screen art house cinema, 150-room boutique hotel, 60,000 s/f of Class A office space, and 114 urban town homes.
Edens & Avant is planning a one-acre park among other public amenities as part of the first phase.Mosaic is participating in the U.S. Green Building Council's pilot program for LEED Neighborhood Development.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary