Work Begins on 420-Unit Residential Development in Ballston

Hoffman & Associates, alongside development partners Snell Properties and Mitsui Fudosan America, Inc. (MFA), today broke ground on 4600 Fairfax, a new residential community in Arlington’s Ballston neighborhood.

Spanning more than four acres, the approximately 550,000-square-foot development will deliver 420 residential apartment units and more than 380 parking spaces in a seven-story multifamily building as part of its first phase. Plans also include site preparation for a separate for-sale residential component, with the project designed to achieve LEED Gold certification. Located in the heart of Ballston, 4600 Fairfax offers residents seamless connectivity to Metro, retail and major employment centers in one of Northern Virginia’s most vibrant neighborhoods.

The groundbreaking follows the project’s $195 million financing announcement earlier this year. That transaction was brokered by Berkadia and included a senior construction loan from Mitsubishi UFJ Financial Group (MUFG). With construction underway, 4600 Fairfax adds to Hoffman & Associates’ active development pipeline across the Mid-Atlantic and Southeast.