Search Results for "vornado"
Vornado, Arlington County’s biggest private landowner — with major collections of properties in Crystal City and Rosslyn — announced today that it is spinning off and merging its D.C. area operations with Chevy Chase, Md.-based JBG Companies.
The combined company would have both office and residential properties throughout Crystal City, Pentagon City and the Rosslyn-Ballston corridor. Among JBG’s properties in Arlington are the under-construction Central Place project in Rosslyn and the iconic “Bob Peck” office building at 800 N. Glebe Road in Ballston.
In 2014, Vornado’s properties in Arlington were assessed at $3.8 billion, or 5.7 percent of the total assessed value of all property in the county, according to the Washington Business Journal. JBG’s properties in Arlington were assessed at $1.31 billion.
From a press release, issued late this afternoon:
VORNADO REALTY TRUST (NYSE:VNO) (“Vornado”) announced today that its Board of Trustees has approved a tax-free spin-off of its Washington, DC business, currently known as Vornado/Charles E. Smith, and that it has entered into a definitive agreement to merge SpinCo with the operating company and certain select assets of The JBG Companies (“JBG”), a leading Washington, DC real estate company.
The combined company will be named JBG SMITH Properties. It will be the largest, market-leading, best-in-class, pure-play Washington, DC real estate company. This transaction represents a key milestone in Vornado’s value creation strategy which will have produced three world-class, highly focused REITs – Vornado itself (RemainCo), Urban Edge Properties, and now, JBG SMITH. Each of these companies has a highly focused
management team, unique assets, and a clearly defined mission.
About JBG SMITH
- Vornado shareholders are expected to own approximately 74% of the combined company, JBG limited partners are expected to own approximately 20%, and JBG management is expected to own approximately 6% (all percentages subject to closing adjustments).
- JBG SMITH will be led by JBG’s senior management team which has a proven track record of superior execution in the Washington, DC market over the long term and through numerous cycles.
- The combined company’s portfolio will consist of 50 office properties totaling approximately 11.8 million square feet, 18 multifamily properties with 4,451 residential units, and 11 other properties totaling approximately 0.7 million square feet. These assets are located in premier submarkets within the Washington, DC metropolitan area, concentrated in Downtown District of Columbia, Crystal City and Pentagon City, the Rosslyn-Ballston Corridor, Reston, and Bethesda.
- Importantly, JBG SMITH will have a pipeline of projects under construction and land for future development that could add over 20 million square feet to the portfolio, positioning the company for strong growth and attractive shareholder returns.
- JBG SMITH will be the largest landlord to the U.S. Government in the nation’s capital.
- The Company will be well capitalized, have substantial liquidity and a strong balance sheet.
- The combination is expected to result in approximately $35 million of synergies producing an overhead structure in line with best-in-class peers.
- The new company will continue to manage the JBG funds’ assets that are not being contributed for customary fees. The company will not raise new investment funds. JBG SMITH Board and Management
- JBG SMITH’s Board of Trustees will consist of twelve members, a majority of whom will be independent. Vornado and JBG will each designate six trustees.
- Steven Roth, Vornado’s Chairman and Chief Executive Officer, will be Chairman of the Board.
- W. Matt Kelly, a Managing Partner of JBG, will be Chief Executive Officer of JBG SMITH and a member of the Board.
- Rob Stewart, a Managing Partner of JBG, will be Executive Vice Chairman of the Board.
- The Board will also include seven independent trustees including Alan Forman of the Yale University Investments Office, JBG’s largest investor.
- Michael Glosserman, a Managing Partner of JBG, will also join the Board, as will Mitchell Schear, current President of Vornado/Charles E. Smith.
- From JBG, David Paul will be President and Chief Operating Officer, James Iker will be Chief Investment Officer, and Brian Coulter and Kai Reynolds will be Co-Chief Development Officers.
- From Vornado/Charles E. Smith, Mitchell Schear will be a member of the Executive Committee, Patrick Tyrrell will be Chief Administrative Officer, Jim Creedon will be Executive Vice President responsible for Office Leasing, and Laurie Kramer will be Executive Vice President focused on integration of the teams.
- The new company will look outside for a Chief Financial Officer and intends to have that individual in place before the close of the transaction.
- The new company will integrate the best talent from each of Vornado/Charles E. Smith and JBG.
- Vornado will provide transition services to JBG SMITH, in areas such as IT, tax and SEC reporting for an interim period.
Ten years ago today, at 1:51 p.m. a 5.8 magnitude earthquake hit Virginia and the D.C. region, an unexpected jolt that sent residents and workers fleeing into the streets.
Damage from the earthquake locally was scattered and relatively minor. Loose items fell from store shelves. Some brick structures like chimneys were damaged. Walls cracked at historic Arlington House. The foundation at Arlington Fire Station No. 2 was damaged. The Thomas Jefferson Theater had to be closed for repairs. There were also reports of broken glass.
And that’s not to mention what happened across the Potomac River.
10 years ago today, the Washington Monument sustained damage when a 5.8 magnitude earthquake shook the #WashingtonDC area. It took 3 years to repair joints, patch stones & fix 665 linear feet of cracks, funded in part by David Rubenstein.
Pic courtesy of Colin Winterbottom. pic.twitter.com/nsL7tkXizq
— National Mall NPS (@NationalMallNPS) August 23, 2021
Ten years after an earthquake rattled D.C. repairs are still underway at the National Cathedral. And they may take another 10. https://t.co/EXrrkF8p7T
— WTOP (@WTOP) August 20, 2021
In the immediate aftermath of the quake, cell phone service was overloaded by people calling loved ones. Numerous gas leaks were reported and hundreds of Dominion customers in Arlington lost power. Office buildings closed for damage assessments, and highways were jammed with workers heading home early. In Courthouse, court employees, police and other county workers gathered in the middle of the street.
ARLnow’s initial article on the quake published two minutes after it started, but due to a crush of web traffic our server crashed and remained only periodically reachable for at least an hour.
“I remember sitting in my office, in my then-apartment along Columbia Pike, and feeling the shaking. My initial thought was that the somewhat creaky building was giving way,” recalls ARLnow editor Scott Brodbeck. “When I realized it was an earthquake, and saw our Twitter mentions blow up with people wondering what was happening, I worked to get something up on the site as soon as possible. It took about three minutes after that for our server to start crashing.”
BREAKING NEWS — Earthquake strikes DC area http://t.co/DYKPBJ6
— Arlington Now (@ARLnowDOTcom) August 23, 2011
Alamo Drafthouse Cinema is planning to open its Crystal City location about a year from now.
Set to be located at 1660 Crystal Drive, the nine-screen, 50,000-square-foot Alamo Drafthouse National Landing will be near a new CVS, Solidcore, and likely linked to a specialty grocery store (perhaps Amazon Fresh).
Just last week, the Texas-based movie theater chain announced it was emerging from bankruptcy and poised to open a number of new theaters, including two in the D.C-area. The Crystal City location is currently expected to open in May or June 2022, theater representatives confirm to ARLnow.
The other new theater will be in Northeast D.C.’s Edgewood neighborhood. That one is planning a November 2021 opening.
Founded in 1997, Alamo Drafthouse Cinema has nearly 40 locations while marketing itself as a movie-lover’s oasis, complete with craft beers and locally-sourced snacks.
The theater in Crystal City will be operated by a franchisee, Cojeaux Cinemas. The company operates three other Alamo Drafthouse franchises in Virginia as well as the new D.C. location.
Cojeaux Cinemas has had an eye on the Arlington market for the better part of a decade, but jumped at a deal a few years ago amid an opportunity presented itself.
“We signed this deal in 2017 when JBG Smith gained control of Crystal City,” Joseph Edwards, co-owner Cojeaux Cinemas, tells ARLnow. “We had confidence in their vision and their people to transition the market by bringing tenants like us in to rebalance the overall mix of office, residential, retail and entertainment, creating a more modernized urban area that will draw from all the surrounding areas.”
Just last week, JBG Smith released an investor relations video detailing its ambitious plans for National Landing.
JBG Smith has nearly finished its portion of the work on the building that will house the movie theater, and Cojeaux Cinemas will start the interior build-out within the next couple of months, Edwards said. The theaters will all have laser projectors, large recliners with individual tables, and call buttons to request service (“quietly and seamlessly during the show”).
There will also be a themed bar with the exact concept still in development.
As the operator of other Virginia theaters, the last year has been an immense challenge, Cojeaux co-owner Anthony Coco concedes. But they are confident that folks are ready to go back to the movies.
“Having seen some fantastic box office numbers, like we saw last weekend, it is clear that movie goers are ready to get back in cinemas,” writes Coco. “And enjoy the craveable, one of a kind experience that Alamo Drafthouse provides its guests.”
(Updated at 3:30 p.m.) Coworking giant WeWork is planning to shut down its Crystal City location next month, according to an email sent to members this morning.
“I am reaching out to regretfully inform you that the WeWork Crystal City location will be closing,” said the email, which was shared with ARLnow by a member. “This location has stood strong for 5 years, and leaves a historic mark on the legacy of WeWork.”
“We know the last year has been full of surprises and challenges for every person all over the world,” the email continues. “In order to address some of these challenges, it was imperative that we carefully evaluate and right-size our portfolio.”
Amid the pandemic, WeWork has been preparing to take “drastic action” as it pursues the goal of profitability at the end of this year. The company currently has 759 open and coming locations in 119 cities worldwide, according to its website. That’s down from 828 locations at one point last year.
Fueled by massive private investment, WeWork grew at a torrid pace during the second half of the last decade, but as growth stalled its CEO and cofounder was ousted from the company and its planned IPO was scrapped.
The JBG Smith-owned building that houses WeWork in Crystal City — 2221 S. Clark Street — also contains one of the only two WeLive locations ever opened. An experiment in communal living, WeLive was reported to be on the chopping block last year.
It was not immediately clear whether WeWork plans to close the residential space along with the coworking space — the former occupies most floors of the aging office building, while WeWork is housed in the top two floors. JBG, meanwhile, has been on a redevelopment spree in Crystal City following the arrival of Amazon’s HQ2.
After the initial publication of this article, a WeWork spokeswoman confirmed to ARLnow that WeWork would be closing, but said nothing final has decided about the future of WeLive. WeWork locations in Rosslyn and Ballston are remaining open, she said.
“In streamlining our portfolio towards profitable growth, we have decided to move on from 2221 Clark St. in Arlington,” the spokeswoman said. “With several excellent locations in the immediate area, including 901 N. Glebe and 1201 Wilson, we look forward to providing our members with first-class, flexible space solutions.”
The move-out date for the Crystal City WeWork is Feb. 26, she added.
WeWork is also closing three locations in D.C., according to the Washington Business Journal.
It’s Veterans Day — “Arlington County Government offices, courts, libraries & facilities will be closed Mon., Nov. 11, 2019, on Veterans Day.” Also, ARLnow will be on a limited publishing schedule. [Arlington County]
Fracture in Ranks of Arlington Dems — “Longtime Democratic volunteer John Richardson removed his name from the roster of ‘poll greeters,’ bemoaning party ‘orthodoxy.’ After last May’s divisive primary for commonwealth’s attorney, Richardson went public with criticisms of the successful outside-funded Parisa Deghani-Tafti campaign against incumbent Theo Stamos. That led party officials, he said, to ‘disinvite’ him from being a greeter.” [Falls Church News-Press]
County Releases Flood History Map — “Working toward a more Flood Resilient Arlington, the County continues to add to its array of stormwater management resources for the public. Challenges and the Path Forward, a just-published, visually rich Story Map, illustrates how Arlington’s peak 20th century development took place amid few standards for stormwater — and the ramifications for today’s more frequent, intense rain storms lasting very short periods of time.” [Arlington County]
Nearby: Skyline Complex Acquired — “A New York-based commercial real estate firm has acquired the aging Skyline office complex in Baileys Crossroads for about $215 million with plans to revitalize the 1970s-era property Vornado Realty Trust (NYSE: VNO) relinquished ownership of nearly three years ago.” [Washington Business Journal]
(Updated at 11:45 a.m.) As the development plans stack up for Crystal City and Pentagon City, the need for a new school could be growing.
As plans progress for Amazon’s second headquarters, developer JBG Smith has submitted its own plans to the county proposing to build thousands of additional apartments (and potentially condos) in the area, to help house the tens of thousands expected to one day work at HQ2.
JBG Smith’s plans for Crystal City and the Pentagon City area so far include adding:
- About 1,000 new housing units at the RiverHouse development
- 790 units in two new structures at 1900 Crystal Drive
- 762 units in its towers planned on S. Bell Street
- 752 units at its two connected, V-shaped towers planned for 2525 Crystal Drive
- 645 units along 23rd Street S.
While apartment buildings catering to younger workers are unlikely to generate an abundance of students — in 2015 it was reported that the entire 1,670-unit Riverhouse complex in Pentagon City only housed 30 Oakridge students — the redevelopment plans are still raising an eyebrow among those monitoring school capacity issues.
Local officials tell ARLnow that there are no specific plans in the works for building a new school to accommodate new students in the area. There has been past discussion, however, of Vornado (now JBG Smith) providing a site for a new school.
“As of this moment, [Arlington’s planning department] has not had any discussions with JBG Smith about any of their pending applications regarding providing a school site,” a county spokeswoman when asked whether there are current school-related discussions with the developer.
In an interview with the Washington Business Journal, Arlington County Board Chair Christian Dorsey said that in exchange for approving the massive developments, the county could ask JBG Smith for a package of “truly transformative community benefit improvements.”
Dorsey did not immediately respond to a request by ARLnow to clarify what might be included in such a package.
“APS has discussed an elementary school in that area in the past,” said school spokesman Frank Bellavia, when asked if Arlington Public Schools was considering adding a new school to the area.
“Specifically, the South Arlington Working Group had identified the Aurora Highlands neighborhood,” which is adjacent to Pentagon City and Crystal City, as a potential site, Bellavia said Thursday. “We are in the process of working through our future seat needs and will most likely need elementary seats in that neighborhood.”
Prior to its merger with JBG Smith, Vornado had given APS a tour of vacant office space it owned nearby which could be converted into a school.
APS will be updating its facilities plan in early 2020 as part of the county’s 2021-30 Capital Improvement Plan (CIP), according to Bellavia.
A spokeswoman for JBG Smith said the developer is “working with the County but it’s too early to discuss the community benefits package.”
Two new, towering buildings have been proposed for the northwest corner of the intersection of Crystal Drive and 23rd Street S.
The pair are part of JBG Smith’s massive mixed-use development in Crystal City, which includes thousands of new apartments across five new buildings, along with a new office building. With Amazon’s HQ2 staffing up, the large-scale redevelopment could help house thousands as new workers flock to the area.
The new plans call for a pair of towers on 2000 and 2001 S. Bell Street with 762 housing units and 54,215 square feet of retail space. And on 2525 Crystal Drive, JBG Smith is planning two connected, V-shaped towers with 752 housing units and 59,000 square feet of retail — an unusual design rolled out months after critics called designs for Amazon’s nearby permanent HQ2 “unambitious.”
Two towers on 23rd Street S.
It calls for JBG Smith to demolish the existing 11-story “Crystal Plaza 5” office building at 223 23rd Street S. and the one-story retail building that currently houses celebrity Chef José Andrés’ award-winning Jaleo restaurant.
One part of the site is reserved for the “West” tower at 223 23rd Street S., which will stand 31 stories tall and house 645 apartment units as well as 20,000 square feet of retail space on the ground floor. The majority of units in the building are slated to be smaller-sized one bedroom apartments (215) but plans indicate the West tower will also include 75 two-bedrooms.
On the roof, the development will feature a swimming pool with lounge chairs, some artificial turf, and greenery.
The ground floor will include 1,850 square feet of bike storage with room for 276 bikes.
An office tower along Crystal Drive
A second building on the same site — the “East” office tower at 2300 Crystal Drive — will be 24 stories tall, plus a penthouse space. Instead of residential space, the East tower will feature 520,000 square feet of office space and 15,000 square feet of retail space.
Renderings reviewed by ARLnow indicate the office tower will have floor-to-ceiling glass panels installed from top to bottom, framed with burnished bronze.
The ground floor will include four retail spaces totaling 15,071 square feet, as well as 1,000-square-foot bicycling parking area. In total, the bike facility is slated to include 88 bike parking spaces. Building tenants, including cyclists, can expect to have access to 176 lockers and 12 showers.
The building is also expected to include lounge space on its narrow, step-style roof, with terraces featuring furniture and greenery.
Some Added Green Space
While JBG Smith’s plans paint the picture of a thoroughly urban Crystal City, looking more like the downtown of a major city than a suburban enclave, it also includes at least a bit of extra green space near the 23rd Street towers.
To the west of the 223 23rd Street S. residential tower is a new, tiny strip of parkland, replacing at least a portion of what’s currently a driveway and a planter wall next to the WeWork building at 2221 S. Clark Street.
Diagrams show new trees planted along the green strip, with a walkway down the middle.
Image 9 via Google Maps
Developer JBG Smith says it has submitted new plans for a major redevelopment of its RiverHouse apartment property in Pentagon City, four blocks from Amazon’s new HQ2.
The developer announced today (Monday) that it submitted a site plan application to Arlington County to build about 1,000 new housing units along S. Joyce Street. The units will be in two, six-story apartment buildings, as well as traditional townhouses and maisonettes, per the press release, and about 260 of the units will be available for purchase.
The six-story buildings will have mix of units, including studios and three-bedroom units, for a combined total of 750 units. These two buildings will be constructed on the parkings lots in the northern end of the site and will feature central courtyards, and 30,000 square feet of “community-oriented street-level retail, including a potential daycare center and medical office, at the base of the two new buildings.”
The townhouses will be built on “underutilized” surface parking lots in the southern end of the site, facing the Aurora Highlands neighborhood and its single-family homes, JBG said
The extensive, 36-acre RiverHouse property is on a long lot bordered by Army Navy Drive, S. Joyce Street, 16th Street S., S. Arlington Ridge Road, and S. Lynn Street, at the edge of what’s being called “National Landing” — the recently-created term for the Pentagon City, Crystal City and Potomac Yard neighborhoods.
Currently, RiverHouse has three apartment towers built in the 1950s and 1960s, with a combined 1,670 apartment units. JBG Smith intends to keep the three towers, per the press release, and will instead construct the new buildings around the existing towers.
JBG Smith Executive Vice President Andy Van Horn said in a statement that the developer aimed to design a plan that “respects and complements the scale and character of the surrounding neighborhoods while creating a more cohesive sense of community.”
“We also focused on providing a wide range of rental and for-sale housing opportunities that meet the differing needs of Arlington’s diverse and growing residential population,” he said. “It is our goal to deliver additional housing units concurrent with Amazon’s occupancy of its new headquarters to help meet anticipated new housing demand and mitigate upward pressure on rents in National Landing.”
Vornado — which was later acquired by JBG Smith — had planned to redevelop RiverHouse with more than 1,000 rental apartments in three, mid-rise towers. The new submission, which JBG Smith says is “consistent with the Crystal City/Pentagon City Sector Plan which calls for 7,500 additional housing units by 2040,” supersedes the previous, pre-HQ2 plan.
WhyHotel, which uses a portion of new luxury apartment buildings as a “pop-up” hotel, has opened a new location in Ballston.
The new WhyHotel at the Origin Ballston building (700 N. Randolph Street), next to Ballston Quarter mall, is officially opening to its first guests today, a PR rep said.
WhyHotel launched in 2017 and operates temporary hotels in D.C., Baltimore and Northern Virginia, taking advantage of the fact that it usually takes a year or more for all of a new apartment building’s units to be leased.
More from a previous article on WhyHotel’s new Ballston location:
WhyHotel… will soon offer 175 rooms for rent in the residential tower attached to the Ballston Quarter development, and another 150 rooms in the “Centro Arlington” project, which is taking the place of the Food Star grocery store off Columbia Pike. The company recently scored $10 million in venture funding to power the new projects, in addition to a similar “pop up” hotel in “The Boro” development in Tysons.
Unlike a home-sharing service like Airbnb, WhyHotel strikes agreements directly with the owners of large residential properties to rent out blocks of furnished apartments, bringing along an on-call staff to handle cleaning and other guest needs. The company is hoping to provide a happy medium for customers between staying at a friend’s place and shelling out for a hotel room, while helping developers fill space in new buildings as they lease them out.
Jason Fudin, WhyHotel’s co-founder and CEO, told ARLnow that he was interested in opening up shop more properties around Arlington because of the area’s potent mix of tourism and booming residential development. WhyHotel is aiming to open its first “pop up” in D.C., but Fudin says he never lost sight of the county as a “great place to be.”
“We do expect to be in Arlington in perpetuity,” Fudin said. “And as there’s more and more development, we’re hoping to be the solution people look to as they activate their developments.”
Fudin noted that the company has its roots in Arlington. The concept began as an initiative by developer Vornado Realty Trust at “The Bartlett” complex in Pentagon City, but its backers then struck out on their own, initially joining up with Crystal City startup incubator 1776.
Considering that Fudin viewed the company’s work in Pentagon City as a clear success for all involved, driving plenty of business to retailers near the building in the process, he’s hoping to replicate the same formula in Ballston and along the Pike.
Crystal City to Grow With Amazon — “‘Amazon, and its 25,000 employees, coming to Crystal City will change everything,’ [Vornado Realty Trust Chairman and CEO Steven] Roth wrote in the letter. ‘Crystal City will become a teeming metropolis of apartments, shops and offices.'” [Washington Business Journal]
Local Couple Talks About Deadly Accident — “An Arlington couple is making a personal plea for a recall of the Fisher-Price Rock ‘N Play sleeper after their son died while laying in the product. Arlington parents Evan and Keenan Overton’s baby son Ezra died in the Rock ‘N Play sleeper right before Christmas in 2017.” [WJLA]
FLIR Moves to Pentagon Row — Infrared camera manufacturer FLIR Systems is moving its D.C. area headquarters to Pentagon Row, in the former LA Fitness space. The company recently announced an investment in a drone company and a large new DoD contract. [FLIR, BusinessWire, BusinessWire]
Confusing Signs Corrected on the Pike — A pair of seemingly contradictory direction signs on Columbia Pike, at the Washington Blvd interchange, have been corrected, county officials say. [Twitter]
Arlington Holds #MeToo Event — “On Wednesday, several Arlington County groups and Arlington’s ‘Project PEACE,’ held an event named ‘#MeToo: Being Men – Raising Men’ at the Arlington County Central Library. Lisa Tingle, the senior assistant commonwealth’s attorney for Fairfax County and Falls Church, said it is important to teach men about sexual harassment at an early age.” [WUSA 9]
Flickr pool photo by Brian Irwin
JBG Smith is starting to sketch out its plans for a major redevelopment of a Crystal City property that will drop hundreds of new apartments and thousands of square feet of retail space directly adjacent to some of Amazon’s new office space in the area.
The developer has now filed preliminary plans with the county detailing the future of a vacant office building at 1900 Crystal Drive. The company has already started some demolition work for the current structure, and previously announced plans to build two new mixed-use buildings in its place, accelerating the project now that Amazon is on the way.
The tech giant plans to lease space at two of JBG’s properties on the same block, buildings at 241 18th Street S. and 1800 S. Bell Street, so this new development could offer Amazon workers with apartments within easy walking distance of the new headquarters.
Developers throughout the area have been racing to build new housing across Pentagon City and Crystal City since the company announced its plans in mid-November, though the neighborhoods do have slightly higher than average residential vacancy rates, for now.
JBG kicked off the redevelopment process in earnest in late January, asking for a slew of county zoning changes and a “site plan amendment” to key the full redevelopment of the block. The plans call for the construction of two large towers, holding a total of 790 apartments. One will be 26 stories tall, the other 25 stories.
Each one will also have space for ground floor retail: 19,390 square feet of space in one tower and 16,800 square feet in the other, according to documents filed with the county.
The developer is envisioning a “pedestrian plaza” in between the two buildings, with room for just under 9,000 square feet of retail in the plaza. The plans even allow for a park to be built nearby, though the documents don’t specify where, exactly, it will be located on the block — but if it is built, a “grand staircase” will connect it to the pedestrian plaza.
When it comes to parking, JBG plans to partially rely on the existing underground garage on the site. The developer plans to demolish part of the garage, but leave 306 spaces unchanged. Then, it hopes to add a new section of the garage with 290 new spaces for a total of 596 available in all.
The project is a long way from being approved, however — the county’s Site Plan Review Committee will now scrutinize these plans, before they head to the Planning Commission and County Board. Vornado/Charles E. Smith previously secured permission to build a 24-story building on the property, but that approval lapsed in 2015. The company spun off its local property holdings in a merger with JBG the next year.
This is far from the last redevelopment JBG is planning in the neighborhood in the coming years. In addition to its large “Central District” project (bringing a new movie theater, grocery store and office space to the area), the company previously told its investors that it could look to redevelop properties including 2001 Jefferson Davis Highway, 223 23rd Street S., 101 12th Street S., and the RiverHouse Apartments (1400 S. Joyce Street).
Though JBG is by far the largest property owner in the area — controlling about 71 percent of the market’s office buildings — county officials hope other landlords take similar steps to refresh nearby buildings.
As for Amazon itself, the company won’t file any plans with the county until the Board signs off an incentive package to formally bring the headquarters to the area. The Board won’t take up that issue any earlier than March.