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Commercial Real Estate


As seen in this rendering, JBG Smith Properties will build Amazon’s HQ2 East Coast headquarters towers around Metropolitan Park in the new National Landing area, which includes parts of Arlington’s Crystal City and Pentagon City neighborhoods.


Layered in bright, stainless-steel shingles, which would contain 235,000 square feet of office space and 5,000 square feet of ground-floor retail. In keeping with Amazon’s culture, the proposal includes community amenities, such as a park. Additionally, JBG Smith is seeking


county approval to expand its 36-acre RiverHouse apartment complex in Pentagon City. Already the Washington, D.C., area’s fourth-largest apartment complex, RiverHouse would add 750 apartments and 250 town homes to its existing 1,670 units. The expansion would include 70


units of affordable housing. Affordable housing has been a community concern, and, in exchange for being allowed a collective 1 million square feet of bonus density, Smith has agreed to contribute $4.3 million to the county’s affordable housing loan fund or provide more affordable housing.


Jumping on the bandwagon Several other developers will join JBG Smith in transforming National Landing.


44 | MAY/JUNE 2020 Commonwealth Crystal Holding I


Inc. has received county approval to top an existing one-story retail space at 2351 Richmond Highway with 23 stories of apartments to be called New Century Center Residential. An LCOR Inc. subsidiary is developing


a 19-story building with 285 residential units and 12,194 square feet of shops at 400 11th St. South. And Crystal House Apartments Investors is adding four infill buildings with 800 housing units to the Crystal House apartment complex in Crystal City. In nearby Pentagon City, at the Penta-


gon Centre mixed-use development, New York-based Kimco Realty Corp. is adding a second residential building, after open- ing a 400-unit residential tower near HQ2 in summer 2019. All of this private development has


opened the floodgates for public money. Virginia has dedicated $295 million for improvements to the Crystal City Metro station. In December, the much-delayed groundbreaking for the new Potomac Yard station took place, and a pedestrian bridge


connecting Crystal City to Reagan National is on the books, along with lowering the elevated section of Richmond Highway (Route 1) to grade-level to transform it into an “urban boulevard.” State funding will be augmented by $28 million in local funding for improvements to streetscapes, parks and other infrastructure. Many of the projected improvements,


both publicly and privately funded, are focused on “next generation mobility,” which emphasizes pedestrian walkways, bicycle lanes and street-level connectivity, Gabriel says. These values, not coincidentally, are central to the Amazon mindset and that of the millennial workers who will largely populate its offices and live in the residential towers popping up around HQ2. “There’s a lot of excitement,” Gabriel


says, “but some trepidation about how inclusive the change will be.” But with the first wave of this sea


change washing ashore at National Landing, Gabriel and other civic boosters are hopeful that this rising tide of growth will not only float all boats, but also bring a deluge of prosperity.


Rendering courtesy JBG Smith Properties


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