The Hotel Palomar at Two Waterview Place in Rosslyn, VA will officially open its doors during its celebratory inauguration on November 15. The hotel is the first structure to be completed in a pair of adjacent buildings seated in Rosslyn. The hotel, designed by Pei Cobb Freed & Partners, is a 154-room, 4 Star "luxury lifestyle hotel," sitting just a stone's throw away from Georgetown by way of the Francis Scott key Bridge and two blocks from Rosslyn Metro station. The hotel will share the 30-story structure that houses it with 133 condominiums which will offer "boutique-inspired living" according to the developer, JBG Companies. The condo portion is expected to complete by May of next year.
The remaining half of the project - the 24-story office building - has yet to be completed, though no one from JBG Companies was available for comment on the completion date. Although the commercial space has not yet opened, it is most certainly not up for grabs. JBG announced exactly three years ago that the Corporate Executive Board Company would occupy the entire 625,000 s.f. space at Waterview for 20 years following the building's completion - "the largest-ever private sector lease transaction to be executed in the Washington metropolitan area," according to JBG's research.
Upon completion, Waterview will be owned by three distinct entities; CIM Group, the property holder, will take ownership of half of the development while JBG Companies and Trizec Properties Inc. will split the remaining half. The entire complex is expected to be completed by the second quarter of 2008, although multiple delays have set the 15-years-in-the-making project back significantly, including a construction accident which injured 16 workers last December.