Showing posts with label Crystal City. Show all posts
Showing posts with label Crystal City. Show all posts

Sunday, September 16, 2012

Arlington Approves Tallest Crystal City Office Building

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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.

The building, designed by New Haven-based Pickard Chilton, will feature a number of impressive vitals, including 720,000 s.f. of office space in 24 stories (297 feet), a 5-story underground parking garage, an expected LEED Gold rating, a raised interim park (until replaced by another building), 32 bicycle parking spaces on the street and in the park.  Pickard Chilton is noted for a number of large office building designs, including a senior role on Malaysia's Petronas Towers.  Cooper Carry is the architect of record. The design employs a "ski jump architectural treatment" as part of its glass facade, and will be a major contributor to the upgrading of Crystal City's outdated architecture and infrastructure.

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

Wednesday, March 28, 2012

Crystal City Office Project Gets Started Thursday Morning

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Lowe Enterprises will host a "groundbreaking ceremony" Thursday on a $70 million office redevelopment project at 1400 Crystal Drive in Crystal City. Fox Architects designed the new building.

The company will seek LEED Gold certification for the project to convert an existing 300,000 square-foot office building in Jefferson Plaza into "Class A" office space complete with a glass facade and roof top terrace. The lobby will be moved to Crystal Drive.

Demolition will bring the building back to its concrete frame before new construction begins, keeping a quick turnaround time and earning LEED points as a retrofit.

"When we acquired the building, we new knew it had good bones," said Harmar Thompson, Vice President of Lowe Enterprises Real Estate Group. "So we knew it had a good structure, that we could work with that structure, and not have to do ... ground-up development."

Thompson said the 30-by-30 column grid is solid and lends itself to flexible configuration of the new building, compared to the 20-by-20 grid common in the area that makes renovation more difficult.

Other elements incorporated to achieve LEED Gold certification include using high-efficiency glass the facade and upgrading HVAC to a dedicated outdoor air system that brings cold water to many units throughout the building instead of having it in a centralized basement location.

The new building is scheduled to open in early 2013, with 30,000 square feet more space than the old building, creating more corner offices and pushing it out into the view corridor. "The views out of this building are spectacular," Thompson said.

Lowe acquired the building in 2008. Thompson said the company had the opportunity to initiate the rebuilding project because the National Guard Bureau vacated, leaving it empty. Rebuilding on top of the existing frame allowed the company to create an essentially new building in a short period of time and open it to tenants earlier than other projects in the area. Lincoln Property Company will handle leasing.

The groundbreaking ceremony is set for 8:30 a.m. Thursday.

Arlington, VA real estate development news

Wednesday, September 28, 2011

Lighting the Way into Crystal City

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According to its president and CEO Angela Fox, the Crystal City BID focuses on the "ins and outs of Crystal City" - literally. The BID currently has two projects in the pipeline to revamp primary "gateways" into, and out of, Crystal City. One of those projects is the effort to beautify and "light" the southern vehicle entrance at the intersection of Route 1 and Crystal Drive, which will begin its 6-to-8-week-long period of construction, by Rand, next Monday, October 3rd. The ground breaking ceremony will be supplemented by some detailed renderings of what will be responsible for lighting the project, which Fox described as, "Sixteen LED poles, lit two-thirds of the way up... the poles will follow diagonal [pea gravel] paths through the property" as well as "continue up the façade of the building on site." Although paths are walker accessible, the area is not meant to be a public park. Along with LED poles and pea gravel paths, the 30,000-s.f. parcel will be clad in new turf, and planted with 28 trees. The project was planned and approved almost two years ago, however the land was being used by the county in the interim. When finished, there will be "a lovely gateway experience" said Fox, creating "the aesthetic awareness that you are entering Crystal City." Of the design, Fox said, "It was a very creative process; Gensler held a sort of seminar with their young architects, a design competition over the course of several hours." A few of the resulting designs were then refined into one formal design. Fox added that the goal of the BID has been to "re-brand Crystal City [using] light and illumination" with artistic efforts that exemplify the properties of crystal. The other gateway project currently underway by the BID is the improvement of the Crystal City Metro entrance, a partnership with Vornado that is in the final stage of the permitting process. These two efforts, together with the redevelopment of Long Bridge park at the northern entrance to the city, will offer "three new sparkling entrances," Fox said. "By the end of the year." 

Arlington Virginia real estate development news

Tuesday, May 12, 2009

Airport Residential on Approach in Crystal City

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Gould Property Company, with the Abbott Development Group and CORE Architecture and Design, are readying for the fourth and final installment of their Airport Plaza development in Crystal City. Approved way back in 1981, Gould first delivered the two office tower components of the project in the early years of the Reagan era, but number four will bear a more striking resemblance to Airport Plaza III, also known as the Concord Residences - a 680,000 square foot, 412-unit "luxury" rental high-rise at 2600 Crystal Drive that delivered in 2007 and, as of this week, boasts a 93% occupancy rate.

"We don't have a name yet, but [Airport Plaza IV] will be linked with the Concord," said Doug Abbott, President of the Abbott Development Company. "It's designed as a stand-alone building, but, for our purposes, we’ll be managing and marketing it as one complex…It will have a Clark Street address, but they will share the amenities and management team."

Measuring in at roughly half the size of its neighbor, the as-of-yet untitled project will bring another 205-rental units to a resurgent Crystal City – itself slated for some major infrastructural improvements in the coming years. In accordance with those plans, the Gould-led development team will be outfitting the space between the two residential towers with "a multi-level outdoor plaza with landscaping" – a project already provided for in Crystal City Planning Task Force’s Framework Plan.

“That is part of the Crystal City redevelopment plan, so that can’t happen until the traffic circle is put in at 26th Street,” said Abbott. However, he says, work on Airport Plaza IV is proceeding at a much brisker pace and that his team is confident that the project will be a successful addition to a well-situated site less than a mile from National Airport.

“We’ve been working on schematics and we’re actually before the County with a minor site plan amendment. If that is approved, which I anticipate it will be, we’ll go ahead with design. For office buildings, we think that the market is kind of on hold, but I noticed during the last recession that the demand for rental is never slim to none."

Arlington, VA, real estate development news

Monday, April 13, 2009

Archstone Ponders More Residential for National Gateway

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Noma National Gateway, Washington DC, Tishman Speyer, Archstone Smith, Marriott, Camden Trust, DC real estateOf all the large-scale projects in development at the National Gateway, Archstone-Smith's "luxury residential towers" in Potomac Yard has been the least talked about - despite the 1.5 million square feet of LEED certified office space currently going up in the same neighborhood. Now the developer is seeking an "extension of time to...submit a building permit for two land bays and park concept design plan" from the Arlington County Board at their April 25th meeting.Noma National Gateway, Washington DC, Tishman Speyer, Archstone Smith, Marriott, Camden TrustArchstone acquired a large swath of the Meridian Group’s National Gateway project for an undisclosed sum in May 2007 with the intent of bringing 691 residential units to the site. But Archstone has yet to move soil in their 135,402 square foot parcel bounded by Jefferson Davis Highway, Potomac Avenue and Crystal Drive, nor has an architect been formally linked to what is being called the “Archstone National Gateway,” though permitting records indicate that they have taken on Tishman Speyer as a development partner. 

"We’re still in the drawing stage, but we should have something by the end of the month as far designs and proposals go," said Joshua Custer, Archstone-Smith's Marketing Coordinator. In all, planners hope for an eventual 1500 residential units with the recently opened 386-unit Camden apartments and 479-unit Eclipse condominiums, which began sales in 2005 and still have nearly 100 condos left to go. Ouch.

As for other adjoining pieces of the National Gateway pie, Camden Property Trust has already delivered there, while another nearby parcel was sold off to Marriott International for development under their Renaissance and Residence Inn brands is already well into construction.

For Meridian’s part, they are well on their way to realizing the 1.5 million square feet of office and 200,000 square feet of restaurants and retail included in Phase I of their National Gateway. That project is set to deliver this coming November.

Washington DC real estate news

Monday, January 05, 2009

Crystal City, Aster is Born

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After almost four years in the development pipeline, the project known to some as the North Tract Apartments, were approved by the Arlington County Planning Commission way back in July of 2005, are under construction, this time as The Aster at Crystal City.

Located at 305 10th Street South, the site was initially under the control of Archstone-Smith, which sought to construct two 5-story buildings with a total of 184 "luxury apartment homes" - including some with third-level mezzanines. In 006, however, the site and accompanying plans were sold off to Atlanta-based developer York Residential under the guise of North Track Apartments, LLC, but the project sat for some time thereafter.
DCmud is now happy to report that construction is bristling along on the once dormant project and it's sporting its new Aster moniker. York is currently projecting a third quarter 2009 completion for the first building and a fourth quarter finish for the second. Once finished off, the Aster will come in at 228,000 square feet, include 15 affordable-priced apartments and meet the LEED standard for green certification (albeit the lowest one possible, with 24 points). Additionally, in keeping with the framework plan established by the Crystal City Planning Task Force, the County will take advantage of the development’s close proximity to Long Bridge Park (once known as North Tract Park) to establish a pedestrian/biker-friendly linkage between the two.
Arlington Virginia commercial property news
Initially, Archstone had intended to pass two units off to retailers to serve the needs of park patrons. There’s no word on if that deal still stands, but perhaps Monument Realty's neighboring Monument View project - only made possible due to a June land swap between the developer and the County - will acquiesce if York does not.  Designs for the project were prepared by the Preston Partnership. ONCORE Construction is serving a general contractor.

Washington DC restaurant and retail news













Wednesday, December 17, 2008

Crystal City 2.0 in the Works

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Since the first site plan for Crystal City was completed way back in 1964, Arlington County's initial vision of a futuristic, Virginian metropolis to rival the District has turned out to be as elusive as Mid-east peace. But after two years of working side by side with the Crystal City Planning Task Force and architects Torti Gallas and Partners, the Arlington County Board has finally adopted a "long-range planning framework" that aims to revamp, with grandiosity and orderliness even Le Corbusier would envy, every aspect of Crystal City's 260 acres from the ground up, literally, and realize their initial vision. Ultimately, they hope to have 13.1 million new square feet of development in place by the end of the next decade.

New residential would make up more than half of the proposed development area for a total of 7.6 million square feet - roughly 7500 new mixed-income apartments and condos - with a large affordable housing component.

The addition of new high-rise residential buildings would go hand-in- hand with the Board's intent to completely change Crystal City's unremarkable and practically flat skyline. The team has specifically targeted parcels on the eastern side of Jefferson Davis Boulevard for large-scale additions that push heights to upwards of 300 feet, in addition to promoting “sustainable design and high-quality architecture.” Any plans for taller towers should be regarded as tentative, however, given the team has yet to consult with the FAA about possible interference with Ronald Reagan National Airport.

Ground-floor retail would also get a significant push under the plan. The intent is to spread 5.3 million square feet of new retail development “among several defined neighborhood centers.” Such centers would include the “neighborhoods” to the city’s northern edge, the central Metro station district, a southern hotel district and a new entertainment corridor along Crystal Drive. Crystal City’s main drag, Jefferson Davis Boulevard, would also be re-sculpted into a pedestrian-friendly “grand boulevard.”

That move is part of a calculated plan to finally make Crystal City walkable, as the Board plans to install 2.6 acres of new open public space, along with "5.1 acres" of new sidewalks, throughout the city. The so-called Market Square will feature a permanent shopping arcade, while a 54,500-square foot Gateway Park will serve to bridge the gap between Crystal City proper and the neighboring North Tract Park. Newly improved parks and plazas are also planned for 15th Street, 23rd Street and 25th Street. The centerpiece of all these public gathering points is the tentatively titled Center Park – a new space in the city center, one block east of Jefferson Davis Boulevard that will “help define Crystal City’s civic identity.”

The Board will begin to decipher exactly what that identity is come the first quarter of 2009 when it undertakes a review of the first draft of their plan and then passes it off to advisory commission for a second opinion. A Board decision on exactly where and when we’ll begin to see the first improvements to Crystal City is expected in the second quarter.

Friday, December 05, 2008

Marriott Digs in Around DC

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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

Friday, November 28, 2008

A Threequel for the Arlington's Crystal House

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Developer Archstone is moving ahead with plans to bring a third phase of residential development to their Crystal House condo and apartment complex in Arlington's Crystal City. Currently comprised of two 12-story towers with 400 units apiece, Archstone intends to add 252 new "lofts" to the development, bringing the total of on-site residential housing up to 1,075 units.

Located at 2000 South Eads Street, the developer is adding to their extensive portfolio in the Crystal City area. Once completed, the 270,000-square foot addition will neighbor the other two so-named buildings on South Eads Street, built 40 years ago as the first apartment-condo highrises in the neighborhood and the first to use the name "Crystal", generating a trend the other developers followed and that eventually lent its name to the area.

Though Archstone Vice President Daryl South tells DCMud that the developer “expects to have building permits within two months,” he declined to comment on when the project might begin construction. Torti Gallas will design the project. Archstone is one of the largest investors in apartment buildings nationwide.

Arlington, Virginia real estate development news

Thursday, June 26, 2008

Monument - Arlington Land Swap Approved

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Arlington Virginia commercial real estate newsA real estate swap between Monument Realty and Arlington County, approved last night by the Arlington County Board, will allow the developer's Monument View project and the County's recreational "Long Bridge Park" development to move forward.

As DCMud reported last year, "Long Bridge Park," formerly known as "North Tract," will be a twenty-eight-acre "state of the art aquatics, health and fitness facility and park" running along the Potomac. Bounded by Shirley Highway Interstate 395, The George Washington Memorial Parkway, and 10th Street, the swap gives the county the last seven of the twenty-eight acres needed to complete the park.

Arlington Board Chairman J. Walter Tejada said the decision was a step in the right direction for the new Potomac facility. "The Board's action today brings us an important step closer to developing a much-needed and long anticipated sports and aquatics facility on this key site. The County will now complete the land swap and move forward," Tejada said.Long Bridge Park Arlington Virginia

Monument's portion, located on a 4.7-acre site at 333 and 335 Old Jefferson Davis Highway, just north of Crystal City, will include an eight-story office and retail building with 323,229 s.f. of office space and 3,512 s.f. of ground floor convenience retail. Unlike its Vornadoville neighbors to the south, the 352-unit residential building will rise only four to seven stories, probably necessary due to its proximity to and location directly under the flight path to Reagan National Airport.

Bounded by S. 6th, Ball, and Clark Streets, the residential project will "create a gateway to Long Bridge Park" on its southern edge. And since there is no such thing as an even trade with the government, as part of the plan, the developer will make a $2.5 million contribution to affordable housing as well as a $376,761 contribution to Long Bridge Park improvements.

Arlington, VA commercial real estate news

Sunday, June 08, 2008

Vornado Hits Crystal City Again

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Vornado Charles E Smith, Crystal City, Arlington Dorsky, retail for lease

Sticking with their strengths, Vornado/Charles E. Smith is recycling an old 13-story office building, turning it into a 19-story - you guessed it - "luxury tower" at 220 20th Street in Crystal City. Designed by global firms HOK Architecture and Dorsky Hodgson & Partners, 220 Twentieth Street will be a 270,000 s.f. mixed-use tower that will include 265 luxury rental apartments and 1,600 s.f. retail space at its completion in mid 2009. The developers will recycle the concrete structure of the old building while adding six floors, rebuilding the façade, systems, and interior space. “We’re thrilled to bring 220 20th Street to market. We believe this new sustainably-designed residential project will bring a sparkling new level of quality and visibility to the new Crystal City,” said Richard Smith, Senior Vice President of Development. Two blocks from the Crystal City Metro, developers say the project will be LEED Certified for such features as its water efficient landscaping, bike storage, and use of recycled material during construction, and that from the rooftop pool deck it will boast panoramic views of the planes touching down at Reagan National Airport, the not-too-distant District, and surrounding clusters of the vertical, but newly-walkable, neighborhood of Crystal City.Vornado Charles E Smith, Crystal City, Arlington Dorsky, retail for leaseThe developers intention for the project was to bring more residents to Crystal City and “set a design standard” for the area. Modest goals, perhaps, but here's to hoping they succeed...

Arlington Virginia commercial real estate news

Wednesday, June 04, 2008

Crystal City Goes Metropolitan

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Dorsky Parish Hodgson Yue, Kettler, Metropolitan Park, Pentagon City, Vornado, Arlington, HOKWhile DC developers boast of the number of cranes in their neighborhood, Arlington residents are becoming more Metropolitan by far. At least in name, anyway, as Kettler moves into the next phase of its mega real estate project that borders Crystal City, Pentagon City, and Pentagon Row. The behemoth project has already delivered two 300-plus unit residential buildings, The Metropolitan at Pentagon City and The Metropolitan at Pentagon Row, in 2002 and 2005, a feat that would have earned satisfaction enough for many serious developers. But now Kettler continues to work on the remaining eight phases - 10 buildings - on 19.6 acres of real estate within eyesight of the District. The whole site is bounded by 12th, 15th, Eads, and South Fern Streets. The next of the remaining eight phases, The Millennium at Metropolitan Park, will include 300 rental apartments and 8,100 s.f. of retail, potentially with a restaurant. 

The goal of the project was to contribute to the "vertical communities" in the area, a response to the demand for luxury apartment housing in transit-friendly areas and a contribution to the towering architecture of Crystal and Pentagon City residential developments - a Virginia-style Co-Op City. Kettler had been leasing the land from Vornado, and purchased the first eleven acres in Pentagon City in May 2007 for $104.4 million. Kettler will eventually pay $220.4 million for the entire soon-to-be shadow-casting site. Currently on the lot is The Gramercy (Phase I), six warehouses for demolition, and a lot of empty space.Dorsky Hodgson Parrish Yue, Kettler, Metropolitan Park, Pentagon City, Vornado, Arlington, HOK "With the projected job growth in Arlington, there is current and future demand for housing in communities with high-end finishes and amenities as well as existing neighborhood-serving retail projects,” said Cassie Cataline, Vice President of Communications for Kettler. The nineteen-story "luxury" building referred to as a "signature project" for the developer was designed by HOK architects and Cleveland-based Dorsky Hodgson Parrish Yue and will deliver in winter 2009, bringing with it the majority of a 2.5 acre park the eight buildings will eventually surround. The 300 foot long Millennium building will face the park and have a three-story glass lobby to allow those on the other side of the building to glimpse the park. "The goal for the second phase was to make it compatible, but distinct and more contemporary. It has a unique position because it faces the park directly rather than being perpendicular to it like the other buildings," said Sandy Silverman, Partner for the project at Dorsky Hodgson Parrish Yue. "Met Two fits in in the sense that it has similar masonry materials and color pallet, but it's cleaner, simpler. The development is like the Battery Park City complex, it's a community but it has a large-scale guideline to bring it together," Silverman said. The name of phase three has yet to be determined - long shot, but we're guessing it will be "The Metropolitan" - it will also reach nineteen stories with rental apartments and retail, this time 410 units and 16,000 s.f., respectively. Also designed by Dorsky Hodgson Parrish Yue, delivery is scheduled for spring 2011. 

Phases four through eight will bring an additional 1,000-2,000 residential units, but because their delivery is so far in the future, the developers will let the market determine the unit types, whether they be apartments, condominiums, or hotels. Design on phase four will begin next year and it will be another ten to fifteen years before we see the final phase. What's with the repetitive names? "It’s about branding and marketing and building a strong identity for our high-end urban apartment series," Cataline said. The Gramercy at Metropolitan Park, part one of the eight, is a retail and residential eighteen- story building that opened in October 2007. The building included 399 rental apartments as well as 11,000 s.f. of retail space. “This location is served by two metro stations (Crystal City and Pentagon City), VRE and National airport as well as potential ferry service; it is at the convergence of virtually every major commuter route into Washington, DC.,” said Cataline.

Arlington Virginia commercial real estate news

Wednesday, February 14, 2007

National Gateway Developer Sells Hotel Portion to Marriott

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Meridian Group, which is developing the massive National Gateway project just west of Reagan National Airport with partner Archon Group, has decided to sell the 2-acre plot in the project zoned for hotel use to Marriott International, which is planning to place two hotels (a Residence Inn and a Renaissance) on the site with a total of 625 rooms. No sales price was disclosed, nor is there a known timetable for the hotels to be built. Progress is being made on the National Gateway project, a mixed-use development slated for the Potomac Yard area along Route 1 between Crystal City and Alexandria, with Meridian and Archon reportedly ready to break ground this Spring on one of the project's office buildings, with completion targeted for 2009. When finally built (no final completion date has yet been set), the overall National Gateway project - which also includes developers Comstock and Camden Realty – will cost over $1 billion and contain 2.2 million sf of office space, 1,550 apartments and condo units totaling 880,000 sf, the two aforementioned hotels, and retail space totaling 210,000 sf, including a Harris Teeter grocery store. Arlington Virginia real estate development news

Monday, February 05, 2007

Crystal City Office-to-Residential Conversion Expected to Start this Spring

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Feeling the residential boom immediately to its south along Route 1 down to Alexandria, and finding itself with plenty of suddenly empty office space due to the US government’s recent base realignment and closure measures, Crystal City is making big strides to transform itself into a more residential-friendly neighborhood. First up is Charles E. Smith Commercial Realty’s plan to gut and convert Crystal Plaza 2, located at 220 20th Street S., from almost 200,000 sf of office space to mixed-use residential. The company expects to start the conversion this Spring, with a target completion date of Spring 2008. Crystal Plaza 2 was once home of the US Patent and Trademark Office, before the agency moved to Alexandria in 2005. According to Arlington County records, Crystal Plaza 2 was approved last September for 266 residential units (including six additional floors on top of the existing structure), plus 29,000 sf of retail space. The building will also be re-skinned with new glass and metal. No final decision has been made yet on whether the units will be rentals or condos.

Tuesday, January 09, 2007

Arlington’s North Tract Project Back on Track

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After months of appearing to be called off, Arlington officials have now announced that the county has reached a preliminary deal with Washington-based Monument Realty to swap and obtain the land necessary for it to move forward with its North Tract project, a world-class athletic and aquatic facility along the Potomac River south of the 14th Street Bridge and north of Crystal City. Under this agreement, Arlington County would receive from Monument the final seven (of the total 30) acres needed for its project. In return, Monument will gain a 5-acres site at the south end near Crystal City. Originally, the county was to also receive $25 million as part of the swap, but this arrangement was terminated by Monument last September. The recently announced new deal leaves out the monetary payment from Monument, which plans to build a 685,000-sf, mixed-use residential and office complex on its new site. As for the North Tract project, Arlington County expects to begin the first phase of the complex in late 2008.

Tuesday, October 17, 2006

National Gateway Project To See Additional Office Towers

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The National Gateway project, the mixed- use development slated for the Potomac Yard area along Route 1 between Crystal City and Alexandria next to Reagan National Airport, appears to be moving forward to its next phase, with this week’s announcement by developers The Meridian Group and Archon Group that they intend to develop an additional six office buildings with over 1.6 million sf of space to join their already planned two 12-story office buildings (440,000 sf, including a 45,000 sf health club) Meridian and Archon expect to start construction on the first two office buildings later this year, with completion targeted for 2009. When finally built (no completion date has yet been set), the overall National Gateway project - which also includes developers Comstock and Camden Realty – will cost over $1 billion and contain the above office space as well as another seven office buildings totaling 2.2 million sf, plus1,550 apartments and condo units totaling 880,000 sf, retail space totaling 210,000 sf ,and a 625-room hotel.
 

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