Mosaic District Update: First Phase Nearing Completion

April 3, 2012 by · Leave a Comment 

Construction is ongoing at the Mosaic District project in Merrifield. The once iconic movie theater is but a memory, and all around the intersection of Gallows Road and Lee Highway, buildings are sprouting up.

The first phase of construction at the Mosaic District is about ready to wrap up, with an anticipated September opening. In addition to a Target, movie theater, grocery store, and numerous restaurants, new residential housing is also in the works. Currently underway is a 500-plus unit apartment building by Avalon Bay, as well as more than 100 townhouses by EYA. Starting price for the new townhouses going up in the Mosaic District: $597,000, according to a recent Washington Post article.

All this development is taking place within about a half mile of the Dunn-Loring/Merrifield metro station. It is the hope of developers that this area will be transformed into a walkable urban center that will be a sought-after destination for those tired of sitting in traffic at one of Fairfax County’s most congested intersections.

Last year, 57 homes changed hands within a half mile of the intersection of Lee Highway and Gallows Road. Those homes sat on the market for 63 days on average, and sold for an average of $272,041.

You can read more about the Mosaic District here.

Sources: The Washington Post, MRIS.

 

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