Friday, December 05, 2008

Marriott Digs in Around DC

Arlington Virginia commercial real estate development, Marriott International
Marriott International, Inc. is planning an extended stay of its very own in Crystal City's Potomac Yards. As part of development deal with the JBG Companies, a parcel bounded by Crystal Drive, Potomac Avenue and 29th Street South will soon be home to not one, but two new Marriott- branded hotels – the Renaissance Inn Crystal City Potomac Yards and the equally tongue-twistingRenaissance Crystal City Potomac Yards, Arlington Virginia, Marriott Residence Inn Crystal City Potomac Yards.

Situated just minutes from Ronald Reagan National Airport, the new 13-story, 444,000 square foot facility hopes to attract a healthy stock of business travelers with 625 new rooms and 10,000 of meeting space. The team is also looking to draw locals to the increasingly developed Potomac Yards segment of Alexandria with a 10,000 square foot retail component that will sit atop a 500-space underground parking garage.

Potomac Inn Residence Crystal City Potomac YardsOf the new rooms going to market, 325 on the facility’s southern end will be dedicated to extended stay suites, courtesy of Marriott’s “Residence Inn” brand. In keeping with the project’s dual nature, the Residence Inn will have its own individualized entrance on the corner of Potomac Avenue and 29th Street and front on an “outdoor hearth” planned for an adjoining public park.

The two-in-one project expects to clear the threshold for LEED certification - which, according to JBG, would be a first for Northern Virginia hotels. The project officially broke ground on October 22nd at a ceremony attended by Congressman Jim Moran and Arlington County Board Member, Chris Zimmerman. Residence Inn Arlington Courthouse, Virginia commercial property and leasingAt the same event, JBG also went public with news that Wells Fargo would be providing $128.7 million in financing for the project. The development expects to open the doors on the new complex in winter of 2010.

Despite the new Renaissance/Residence Inn’s position as the first new Crystal City hotels in 20 years, both JBG and Marriott aren’t content to keep their focus only the Alexandria area. JBG also owns two other large hotels in the immediate area – the Westin Reston Heights and Westin Arlington Gateway. JBG already owns Washington DC's largest hotel, the Marriott at Wardman Park - which will keep the title of DC's biggest since yet another new Marriott, the Convention Center Marriott, reduced the size and scale of the project that should begin construction next year.

Additionally, the Donohoe Companies’ Hospitality Services division is also currently constructing another Residence Inn in Rosslyn’s Courthouse District at 1425 North Adams Street. That project is significantly smaller – 176 rooms and 141,000 square feet – but is being designed by renowned architect Leo A. Daly and will be completed a bit earlier, in fall of next year. Alas, all too late to be completed in time for the Obama-nation invasion next month.

Arlington Virginia retail leasing and commercial property news


Anonymous said...

Huh. Hows that the first LEED hotel in N. VA when the Donahoe Courthouse one will be LEED Silver?

Jim on Dec 6, 2008, 10:39:00 AM said...

Isn't the new hotel nearing completion next to the New York Ave metro station in NOMA a Marriott as well?

Anonymous said...

I believe this project is in the Arlington portion of the yards, not the Alexandria portion.

Anonymous said...

FYI...the Potomac Yards Marriott hotel is designed by renowned architect Cooper Carry

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