Originally approved by the county in 2007, the planned 35-story office tower at 1812 North Moore Street in Rosslyn is finally moving forward with construction. A groundbreaking ceremony has been scheduled for Thursday, Oct. 14.
Unable to sign a tenant or obtain financing for the building, owner Monday Properties is paying the first $30 million of the project’s estimated $300 million cost in cash, according to the Washington Post.
Once it’s built, the 390-foot building will be the tallest in the Washington area. It will offer expansive views of the DC skyline and surrounding areas.
Construction is expected to wrap up in early 2013.
“We’re of course very pleased to see it happen,” said Arlington Economic Development spokesperson Karen Vasquez. “[It is] a great addition for Rosslyn as well as for Arlington.”
Vasquez noted with a pinch of irony that with the 387-foot Central Place tower also moving forward, “we may see another Chrysler Building/Empire State Building competition right here in Arlington.”