Thompson Realty

Thompson Realty Corporation currently manages and/or leases over 1.5 million square feet of commercial space. The company has developed over 500,000 square feet of commercial space as well as numerous Class A multi-family communities in a variety of different locations. Our attention to detail and personal approach make finding the perfect property a comfortable and solid decision.

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Breaking New Ground

Two Dallas-based companies teamed up to develop the mixed-use Penrose Square community in the hot northern Virginia and Washington, D.C. area.

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Columbia Pike Construction Commences

With big changes ever promised for Columbia Pike, evidence of actual progress is worthy of comment, especially when that progress is on schedule. Such is the case of Penrose Square. The only remnant of the former tenants at 2405 and 2501 Columbia Pike is the sad Giant Food sign surrounded by trailers, fences and barbed wire, but the project is on track for its scheduled delivery of late 2011.

Back in March, Foulger-Pratt Contracting won the $79 million construction contract for the building, and construction is now underway; Heffner Architects of Alexandria, Virginia have designed the project. There is little else new on the nearby strip, but Arlington continues to see the slow transformation of Columbia Pike with future plans for a street car with a stop at Penrose.

 

Carbon Thompson and B.M Smith Associates will complete Penrose Square as a mixed-use development to include 325 rental apartments, 97,000 s.f. of retail space, and three levels of below-grade parking. Included in the retail space is a rebuilt, 57,000 s.f. Giant supermarket, with the residential units built above. The developers have also donated a parcel of land in front of the development for a new town square for pikers, also called Penrose Square, though right now it\'s all just one big hole.

 

The property is bordered by Columbia Pike to the south, Adams Street to the east, 9th Street to the North. Despite the new density, the height will remain low; 6 to 7 stories along Columbia Pike tapering to 3 1/2 stories along 9th Street.

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Featured Property

Penrose Square

Arlington County, Virginia Mixed Use