D.C. based Penzance has announced it will submit its final plans to Arlington for development of its Clarendon Metro office project, a step that potentially puts the start date less than a year away for the 300,000 s.f. office project.
Penzance plans two office buildings for the site, an 8-story and a 10-story building with shared 4-level below-grade parking deck and 28,000 s.f. of combined ground floor retail space with an expansive sidewalk area to accommodate outdoor seating. Several of the older buildings on the block will be kept intact during construction.
Noritake Associates designed the project that developers say will "reinforce Clarendon’s status as a true live-work-play urban environment." The design is expected to earn a minimum ranking of LEED Silver, but developers say they are working toward a Platinum ranking for the site, scheduled to break ground in spring of 2012. Jones Lang LaSalle will market the property. A general contractor has not yet been selected.
Penzance has developed and operates numerous properties throughout Washington D.C. and Arlington, including 455 Massachusetts Avenue in Mt. Vernon Triangle.
Arlington, Virginia real estate development news