Monday, July 27, 2009

Pentagon City Project Gets Restacked


Pentagon City's mega mixed-use project will get a mix-up to help it move forward. The Arlington County Board has approved a reallocation of density between two parcels in Pentagon City for stages 4-8 of the 8-phase Metropolitan Park. Originally slotted for 300 hotel units and 930 residential units (for Parcels 3 and 1D, respectively), the Board reallocation means the developers will have flexibility in determining where to build the 930 residential units and 300 hotel rooms. VNO Pentagon Plaza LLC previously received approval from the Arlington County Planning Commission in June. After the Board's July 11th approval, the process of drafting a site plan begins.

The two parcels in question are held by Vornado, which would sell the remaining portion of Parcel 3 to Kettler for the realization of Metropolitan Park's next stages. Vornado previously sold the part of Parcel 3, where phases 1-3, stand to Kettler. When Metropolitan Park's design guidelines were set in 2004, it called for 3,212 residential units on Parcel 3. The Pentagon City Phased Development Site Plan shortchanged Kettler, allotting 2,282 residential units and 300 hotel units. Through a little bit of density reallocation magic, Kettler can now have it's 3,212 residential units (2,282 + 930 = 3,212). That leaves Vornado with 300 hotel rooms to use, or not, on Parcel 1D, assuming the Metropolitan uses all 930 allocated residential units remaining.

The first stage of the massive development is bounded by 12th, 15th, Eads, and South Fern Streets. The Gramercy, pictured above, is a luxury rental high-rise building from Phase 1.

2 comments:

Anonymous said...

wouldn't it be cool if a mega project like this used some innovative cost-saving and environmentally friendly technology like gas microturbines for combined heat & power?

Anonymous said...

Are there any condos coming to Pentagon City?

 

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