Akridge/Waterford Project in Falls Church Receives Zoning Approval from City Council; Sales of Condominiums at The Spectrum to Begin This Fall.Business Editors/Real Estate Writers FALLS CHURCH Falls Church, independent city (1990 pop. 9,578), NE Va., a residential suburb of Washington, D.C.; inc. as a town 1875, as a city 1948. There is diverse light manufacturing, including telecommunications equipment. , Va.--(BUSINESS WIRE)--March 17, 2004 Waterford Development and Akridge have announced the acceptance of the zoning change approval by the City of Falls Church City Council for The Spectrum, a mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. in downtown Falls Church. The Spectrum will be a 191-unit residential condominium project with 30,000 square feet of Class A condominium office space, 30,000 square feet of prime retail space and an underground parking garage with 600 spaces. Upon final approval of the site plan, construction is expected to begin this fall. "It has been a rewarding process for everyone involved. Our entire team is grateful to the City Staff, the Planning Commission Noun 1. planning commission - a commission delegated to propose plans for future activities and developments commission, committee - a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle and the City Council, as well as a variety of Agencies and Commissions, for approving this great project," offered Jan A. Zachariasse, President of Waterford Development. "Thanks to the support and input provided by the City, our project has evolved into what will be an exciting and unique precursor to the Falls Church City Center re-development program," added Joe Svatos, Senior Vice President of Akridge. The project, formerly known as The Pavilion, has been renamed The Spectrum. Just as the traditional meaning of spectrum represents the broad band of color not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color produced when light passes through a prism, The Spectrum of Falls Church will reflect a broad band of live, work, and play opportunities for the diverse and vibrant Falls Church community. The next step in the development process will be the approval of the site plan by the Planning Commission, which is anticipated in early summer. Already more than 300 potential purchasers have asked for information. The Sales Office is expected to open early Fall and construction of the project is anticipated to start in the fall of 2004, with delivery scheduled for the spring of 2006. About The Spectrum The Spectrum is designed as a mixed-use urban development and will include residences, condominium office space and street oriented retail. The Market Square will be the focal point focal point n. See focus. for gatherings, festivities fes·tiv·i·ty n. pl. fes·tiv·i·ties 1. A joyous feast, holiday, or celebration; a festival. 2. The pleasure, joy, and gaiety of a festival or celebration. 3. and outdoor dining opportunities. An integrated parking garage will provide for 600 cars. Website: www.Spectrumcondo.com. About Akridge Akridge is a comprehensive real estate services company that provides acquisition, development, asset and property management, leasing and consulting services. For four years in a row, Akridge has been ranked the number one real estate firm in the country, among firms of similar size, for Client satisfaction by CEL CEL Cellular CEL Celestial CEL Check Engine Light CEL Degrees Celsius (temperature) CEL Comisión Ejecutiva Hidroeléctrica del Río Lempa (El Salvador) CEL Center for Entrepreneurial Leadership & Associates and BOMA Boma (bō`mə), city (1984 pop. 197,617), Bas-Congo province, W Congo (Kinshasa), on the Congo River estuary. A port and railhead, it exports tropical timber, bananas, cacao, and palm products. . Since 1974, the company's projects have encompassed over 12.5 million square feet of space in the Greater Washington region. For more information please visit www.akridge.com. About Waterford Waterford Development is a full-service real estate development company headquartered in Reston, Virginia, with an office in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. . Over the past 15 years, Waterford Development has developed thousands of acres of land and completed numerous unique residential communities, as well as innovative office and retail spaces. Recent award winning developments include Belmont Greene, a TND TND In currencies, this is the abbreviation for the Tunisian Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Residential Community in Loudoun County; Symphony Village, an Active Adult Community on the Eastern Shore; The Broadway in Falls Church and the Palladium in McLean, both mixed-use developments. For more information please visit: www.waterforddevelopmentllc.com. |
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