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The coronavirus has taken a large toll on the hotel industry, and one Rosslyn developer is responding by shifting some of its planned hotel space to residential.
The Dittmar Co. filed updated plans with Arlington County for its redevelopment of the Holiday Inn site at 1900 Fort Myer Drive that reduced the number of hotel rooms from 340 to 326, the Washington Business Journal reports.
The revised plans also increased the number of apartments from 500 to 523 and reduced the retail space by 1K SF to 13,400 SF. The previous plans were approved in September.
A representative for the developer wrote a letter to county planners that attributed the revisions to market changes caused by the pandemic, according to the WBJ. The letter also said the developer plans to focus on delivering the residential portion before the hotel rooms.
The development is planned on the site of a Holiday Inn that was built in 1972 near the intersection of Lee Highway and Fort Myer Drive. Directly across Lee Highway, another major redevelopment is moving forward on the site of the Key Bridge Marriott. Arlington in March approved Woodridge Capital Partners' plans to add three new residential buildings on the site, which houses the longest-operating Marriott hotel in the world.
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