Federal Realty to Begin Revamp of Graham Park Plaza in Falls Church
By Keith Loria June 23, 2021 2:54 pm
reprintsFederal Realty Investment Trust is set to begin construction on the renovation of Graham Park Plaza, a 132,000-square-foot shopping center in Falls Church, Va.
Graham Park Plaza’s tenants include a Giant supermarket, Latino Chicken Place and Pho Tu Ech.
The construction will begin in July and will include facade renovation, new signage and landscaping, and some public amenities.
“As a long-term holder of real estate, this renovation reflects Federal’s commitment of continually reinvesting in its properties by reinventing them to best meet the desires of the customers and communities they serve,” Sarah North, Federal Realty’s director of marketing, told Commercial Observer.
Located at 7263 Arlington Boulevard and originally known as Loehmann’s Plaza, the 18.6-acre shopping center opened in 1971 and was acquired by Federal Realty in 1983.
In addition to Federal Realty’s renovations, EYA is planning a mixed-use development on the same site. In March, EYA acquired 8.3 acres from Federal Realty, which still owns 10.3 acres, and plans to redevelop part of the space into a mixed-use neighborhood.
EYA has plans to build 177 townhomes on the western portion of the shopping center, and has committed to providing a public park and some infrastructure improvements, including a new street grid to connect the residential and commercial parts of the site, sidewalks, a shared-use path, and bicycle facilities.
According to Federal Realty’s North, the renovations to the shopping center will also include outdoor amenity areas to integrate the retail and office components of Graham Park, while complimenting EYA’s new neighboring townhomes currently under construction.
Graham Park is located inside the Capital Beltway at the intersection of Arlington Boulevard and Graham Road, providing easy access to I-495 and within close proximity to Arlington, Va., and Washington D.C.
The renovations are slated to be complete by Thanksgiving.