JBG Smith Moving Forward With New Office Development Near HQ2
The proposed building would include 235K SF of new trophy office development less than a half-mile from the Crystal City Metro station.
The proposed building would include 235K SF of new trophy office development less than a half-mile from the Crystal City Metro station.
New Fairfax County economic development head Victor Hoskins, who just left the same post in Arlington, thinks the Amazon effects will spill into his new county.
JBG Smith plans to redevelop five multifamily buildings and one office building in Crystal City.
Previous plans to convert the building at 1901 North Moore St. into apartments were put on hold in 2018.
The e-commerce leader plans to add around 1.4M SF to its warehouse footprint in Maryland as the coronavirus pandemic has increased demand for online delivery.
CBRE arranged the seven-year, floating-rate loan with Freddie Mac for the 825-unit Crystal House apartment complex.
Microsoft signed a big Reston lease in May and the county continues to see demand from large firms, but many small companies have paused their leasing activity.
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The developer behind Amazon HQ2 acquired the Americana Hotel, which closed earlier this month after nearly 50 years in business.
Amazon plans to build three 22-story office towers around a double helix-shaped building with spiraling, landscaped walking paths.
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