Having gained unanimous approval from the Arlington County Board back in May, The Crimson on Glebe, Crimson Partners' six-story 165-unit apartment building at 650 N. Glebe Road, across from Ballston Commons Mall, faces a clear runway toward construction.
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The Crimson will also feature approximately 2,200 s.f. of ground floor retail space along Glebe Road; however, no decisions have been made yet as to a potential tenant. "With this amount of retail space, we'll probably wait until closer to delivery before we sign someone in there," says Chambers.
The site, formerly a Goodyear tire store, is located on one of the area's longest blocks, and developers, as part of an agreement with the County, have agreed to build a 220-foot extension of North Tazewell Street at the rear of the property to ease resident access without disrupting traffic on Glebe. Developers also secured increased density for the building (which was originally five stories) by agreeing to build to LEED Silver standards, and by contributing a half million dollars to the county's Affordable Housing Investment fund, $75,000 to the public art fund, and $42,000 to the utility fund.
The L-shaped, KTGY Group-designed building will feature a small internal courtyard for residents, and a varied facade of neutral-toned brick, laminate cladding, metal panels, and manufactured stone and glass, with a residential entrance and lobby along North Carlin Springs Road. The average unit size will be just over 700 s.f.
Crimson Partners and Washington Real Estate Investment (WRIT) acquired the site for $11.8 million in June 2011; construction is expected to cost approximately $43.5 million. Crimson is also working on the 65-acre Dulles Station project along the toll road.
Arlington, VA real estate development news