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Kiddar Capital will be the anchor tenant for the $160M Falls Church mixed-use project it is building with Insight Property Group.
The asset management firm will take at least half of the 74K SF Class-A office building it is developing at 100 North Washington St., the same parcel where it is currently headquartered in a smaller building, the Washington Business Journal reports.
Falls Church City Council approved the development April 9. It will include the office building, a 295-unit apartment building, 25K SF of retail and a 5K SF theater. Kiddar and Insight purchased the 2.7-acre site for $13.6M in 2015.
The site is about 1 mile from the East Falls Church Metro station, the stop between Arlington and Tysons where the Orange and Silver lines split. The surrounding blocks include the Falls Church Medical Center, a Department of Labor office building, and several retailers and restaurants such as Hot N Juicy Crawfish, Ireland's Four Provinces and Applebee's.
Kiddar, a global firm with $1.4B under management, also recently acquired a 4.8-acre development site near the future Herndon Silver Line station for $33M. Insight, a D.C.-based developer, also has projects on the H Street corridor and Capitol Hill.
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