Forest City acquires Macy’s Home Store at Ballston Common

Arlington, Va. — Forest City has acquired Macy’s Furniture Store building at the Ballston Common Mall from Macy’s. Forest City, the owner, developer and manager of the mall, plans to redevelop the property and add mixed uses including residential and office. The Home Store, which is connected to the mall on three levels, is the first step in the redevelopment.

The proposed multi-phase development plans, which must be approved by the Arlington County Board, would include demolition of the former furniture store structure, the redevelopment of new retail space on three levels with a residential building constructed above.

Overall, Forest City plans to update the existing mall, to be known upon completion as Ballston Center, into a transit-oriented, urban mixed-use center featuring an enhanced blend of restaurants, entertainment and other contemporary upscale retail options to better serve the changed and exceptional demographics within the primary market.

Plans also call for the renovation existing office space above Macy’s, which would be marketed to office tenants.

 

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