Monday Properties' 35-story, 390 foot office building will break ground on Thursday in Rosslyn, setting the stage for what will be the region's tallest building when completed, at least for a while. Developers will hold a public ceremony for the 580,000 s.f. building that will rise above the Rosslyn Metro station.
The superlative for "tallest" is a contested one, with JBG noting their that their 31-story Central Place tower will also rise 390 feet, nearly the tallest allowable by the FAA along the Reagan National flight path, which caps at 500 feet above sea level. The buildings also both straddle N. Moore at nearly equal 80-foot elevations; nearly, but not exactly. Officials at Monday assure DCMud that their site sits a few feet higher in elevation, giving theirs the edge. In any event, with JBG's project in check, Monday's claim to size will not be in dispute when the building completes in late 2013. Nor will Monday's second first: the first LEED platinum certified office building completed in Virginia, if all goes as planned. Bragging rights for both should allow for equally high leasing rates, and despite a lack of tenants, Monday chose to approach one of the region's lowest commercial vacancy rates by self-financing $30m of the $300m project, something JBG officials must be eying with intensity. Monday says it is confident that that this will attract financial suitors, but that they are prepared to move forward with or without a financial partner, and promise an anchor tenant announcement within 10 months.
Arlington approved the project in December of 2007, but it has been on hold for nearly 3 years as developers sought financing and the right market. Davis Carter Scott designed the skyscraper that Clark will build, with Gensler assisting on interior layouts.
Congressman Jim Moran will join other speakers at the groundbreaking ceremony this Thursday at 11am, true construction will be underway by the end of the month.
Rosslyn Virginia real estate development news