Gilbane Development Co. expands presence in Virginia

With acquisition of 3601 Wilson Boulevard, Arlington

Arlington, VA — Gilbane Development Company has announced the acquisition of 3601 Wilson Blvd., a prominent six-story, 121,200 s/f office building in the vibrant Virginia Square/GMU Metro submarket. Conveniently located steps away from the Virginia Square/GMU Metro entrance, this acquisition marks a strategic opportunity for Gilbane to transform the property into a premier market-rate multifamily community.

“This acquisition underscores Gilbane’s commitment to enhancing urban living experiences in dynamic neighborhoods,” said Robert V. Gilbane, Jr., senior vice president, Gilbane Development Company. “3601 Wilson Boulevard’s proximity to Metro transit, job centers, and retail amenities positions it as an ideal location for a sophisticated residential community in Arlington. We’re grateful to the amazing team at Savills, led by the incomparable Rick Rome, Dimitri Koutrouvelis, and Brandon Hamm, who helped identify and close on this unique opportunity.”

The property will undergo adaptive reuse to become a boutique, upscale residential community featuring 94 market-rate units, 5,637 s/f of ground-floor retail space, and 207-parking spaces located in a below grade garage that’s located adjacent to the Virginia Square-GMU metro entrance. The redevelopment plan will leave the facade of the building intact and focus on interior changes that include state-of-the-art amenities designed to cater to modern lifestyles, such as premium tenant storage located on each floor, a wellness center, luxury tenant lounges, and coworking spaces.