From Amazon To Walter Reed: 6 Major Developments Delivering In The D.C. Area This Year
The Washington, D.C., area may be seeing a slowdown in new construction starts, especially in the office sector, but a series of large-scale developments are slated to reach completion this year.
Those deliveries include two major office projects: the first two new buildings of Amazon's HQ2 and the latest phase of Capital One Center. Elsewhere, progress continues on the Parks at Walter Reed, one of the District's largest developments. And suburban Maryland continues will see town center development of its own, notably in Prince George's County.
Capital One C3
Developer: Capital One
Location: Tysons, Virginia
Delivery: January 2023
Capital One began moving workers this month into the third office building on its main campus near the McLean Metro stop, a spokesperson confirmed to Bisnow. The 843K SF building is slated to include retail, joining the neighboring Capital One Hall and The Perch, a 1.2-acre rooftop park, in adding amenities to the financial giant's headquarters.
Capital One Center still has space to grow, with the firm's website showing the possibility for five additional buildings bounded by the Capital Beltway, Scott's Crossing Road and Route 123.
Amazon HQ2's Metropolitan Park
Developer: JBG Smith
Use: Office plus ground-floor retail
Location: Arlington, Virginia
Anticipated Delivery: Summer 2023
The first portion of Amazon’s much ballyhooed HQ2 development, Metropolitan Park, is slated to deliver this year. The 2.1M SF project features two 22-story office towers that include 50K SF of retail, for which developer JBG Smith has already begun seeking tenants. The development also includes a 2-acre public park.
Though Amazon is still planning to move in, the tech giant isn't without its struggles this year. The corporation announced last week that it would lay off 18,000 employees, or 1% of its workforce. But the layoffs appear unlikely to affect Met Park. A spokesperson for Amazon told 7News that the company is on track to open the first two buildings this summer, adding: “Our long-term intention and commitment to the communities where we have a presence, like HQ2, remains unchanged.”
Use: Multifamily plus ground-floor retail
Location: Tysons, Virginia
Anticipated Delivery: Q2 2023
One of the largest multifamily projects in Northern Virginia, Skanska’s Heming is expected to deliver 410 residential units and 38K SF of retail space by this summer. The 28-story tower, situated in Scott’s Run across Route 123 from Capital One’s headquarters, is also slated to feature a three-story outdoor public plaza.
The 6.5M SF Scott’s Run development has been a focus for Fairfax County planners, who are looking to build out the Tysons East area that also includes Capital One’s holdings. Other developments there include LCOR's 319-unit Kingston at McLean Crossing and the 178-room Archer hotel, which opened in September.
Oakville Triangle Phase 1
Location: Alexandria, Virginia
Anticipated Delivery: Fall 2023
The first phase of a project designed to remake the Oakville Triangle area near the soon-to-open Potomac Yard Metro Station is slated to deliver this year. Stonebridge is leading the redevelopment of the area, which Inova is anchoring with its 93K SF Oakville Triangle HealthPlex, ALXNow reported.
The healthcare facility is slated to be joined by a 571-unit multifamily development from Stonebridge, plus 84 townhomes from Tri-Pointe Homes and a renovated self-storage facility. Stonebridge also agreed to expand public park space on the site, which is bordered by Mount Jefferson Park.
The Aspen at Melford Town Center
Developers: St. John Properties, Somerset Cos.
Location: Bowie, Maryland
Anticipated Delivery: Q3 2023
Maryland developer St. John Properties is partnering with Somerset Cos. to deliver its first apartment project at Melford Town Center this year. The Aspen, a 388-unit community, will be the latest addition to a 15-acre mixed-use town center under development at the intersection of Interstates 50 and 301. The development team invested $130M to build the Aspen building, according to a spokesperson.
The new residential component is slated to join a 249-unit townhome community from Mid-Atlantic Builders approved by Prince George’s County in May. The town center is being built up around the U.S. Census Bureau’s Bowie Computing Center, a 110K SF facility that opened in 1997 and largely houses computing equipment for the federal agency.
Parks at Walter Reed
Developers: Urban Atlantic, Hines, Triden Development, NVHomes, Toll Brothers
Location: Washington, D.C.
Anticipated Delivery: 2023
The developers behind the mixed-use Parks at Walter Reed development in Northwest D.C. are expecting several new components to deliver this year totaling more than 500 residential units and 100K SF of retail anchored by a 44K SF Whole Foods.
For the residential projects co-developed by Urban Atlantic, Hines and Triden Development, pre-leasing and sales have begun at the 323-unit Hartley Apartments and the 109-unit Kite House Condos. 1155 Dahlia, a 60-unit co-living concept with 248 bedrooms, is also slated to deliver this year.
NV Homes expects to deliver 25 of the 50 for-sale townhomes it is developing as part of its Aspen Square project on the campus. Toll Brothers also anticipates delivering 28 townhomes and 44 stacked townhomes out of an eventual 144 units at Veranda.
CORRECTION, JAN. 11, 3 P.M. ET: A previous version of this article misstated the square footage for the Whole Foods at Parks at Walter Reed. The story has been updated.