Before the Economic Development committee of the Falls Church City Council last Thursday night, two new proposals for mixed use development projects were given a preliminary hearing. The first was submitted by Greystar LLC to the City Planning Department calling for a 10 story, age restricted apartment building of 178 luxury rental units with ground floor retail at the current site of the Stratford Motor Lodge at 300 W. Broad Street. It is designed with “aging baby boomers,” ages 55 and up, in mind and would have a floor-to-area ratio of 7.3 with a rooftop pool. The fiscal impact, according to the City’s Economic Development office, would be $791,000 gross and $500,000 net annually.
The second was submitted by McLean-based Tradition Homes for a five story mixed use building at 819 and 821 W. Broad, the southwest corner with S. Spring Street, for ground floor retail, second floor office and three floors for 47 residential condominium units. The developer would move its home office to the building.
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