ARLINGTON, Va.
George Mason University Foundation has received approval for construction of a seven-story office building with a six-story, underground parking structure in Virginia Square. The $60 million project will sit on nearly two acres and provide 192,500-sf for office space and 13,275 sf of retail space on the building’s first floor. Above- and below-ground parking will accommodate 671 vehicles. The foundation uses private tenant lease money for acquisition and construction costs, selling or donating the building to the university when the project has been paid for.