The Arlington County Board voted yesterday to approve 1900 Crystal Drive, Vornado's enormous office building that will be the tallest in Crystal City. The county's approval allows the developer to demolish the super-block sized building now on the site and replace it with an even larger, more contemporary building.
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The plan for the block is to eventually demolish another of the office buildings on the block to create a large "Center Park" - a centerpiece of the Crystal City Sector Plan developed in 2010 - to replace the mid-block, concrete-heavy park that now connects the 3 existing office building. While the project will have a more appealing street view, especially on Crystal Drive where 11,000 s.f. of retail will face the street, the building will still make large concessions to the automobile along 18th and 20th Streets with wide curb cuts for garage access.
The County approval was expected, especially with Vornado's $3m contribution to the county's affordable housing program and $7m of promised community benefits that that county negotiated for a host of improvements to causes like parking meter improvements, utility improvements, and public art.
Arlington VA real estate development news
5 comments:
Woooo. 32 bicycle parking "spaces". Way to plan big, Crystal City. But seriously does nobody have a problem with the developers paying $10 million in what are essentially bribes to get something built?
Bribes? SOP for most major projects, especially in neighborhoods that could really benefit from a good pool of financial resources for public space improvements. At a hypothetical sales cost of $500/sf, the 720,000 sf building might be worth $360m once it's leased-up. The trick is getting financing with that extra $10m, but it's probably not all in one check up front.
As ugly and unimaginative as everything else in Crystal City. It will be torn down within fifty years.
Ugly! You tea partier! This is cutting edge, of our time, it'll put DC in the big leagues!
I do coffee. And you just gave me the biggest laugh of my week!
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