Amazon is planning to build 2.1 million square feet of new office space in Pentagon City as part of the first phase of construction for its permanent “HQ2” in Arlington.
The retail and tech giant announced its plans today in a blog post.
commercial real estate
For years, businesses have come and gone from the retail space on the ground floor of the Eclipse condo building in Potomac Yard. Now relief may be on the way.
The Arlington County Board is set to vote this weekend on a site plan amendment that will allow the landlord of the 3600 and 3650 S. Glebe Road buildings to lease the retail space to “retail equivalent” businesses, defined as:
VHC Land Swap Ready to Move Forward — “Nearly six months after a divided Arlington County Board approved a major expansion of Virginia Hospital Center, board members are set to take the next step.” [InsideNova]
Ballston IHOP Reopens — “Good news IHOP fans: the Ballston location is back open and serving customers. Here’s why it closed.” [Twitter]
Crystal City Apartment Building Sold — “A Crystal City residential property within blocks of Amazon’s planned HQ2 campus has sold for $228 million, more than double what it last sold for a decade prior, according to Arlington County property records.” [Washington Business Journal]
It’s National Police Week — Law enforcement officers from around the country and the world are in the D.C. area for National Police Week. The annual series of events is held to honor officers who have paid the ultimate sacrifice. As in years past, Arlington County Police motorcycle officers are assisting with the numerous motorcades associated with Police Week. [Twitter]
DEA Staying in Pentagon City — “The Arlington County Board today approved an incentive grant that will keep the headquarters of the Drug Enforcement Administration, part of the U.S. Department of Justice, in Pentagon City following a lengthy federal competitive bid process. The agency occupies more than 511,000 square feet of space, and employs about 3,000 people at its Pentagon City location.” [Arlington County]
‘Take Your Child to Work Day’ for Cristol — Arlington County Board member Katie Cristol’s new baby boy made his public debut at Thursday’s meeting for Take Our Daughters and Sons to Work Day. [Twitter]
By next summer, the formerly 2-3 story office building across from the Whole Foods in Clarendon is slated to reopen as a four-story, mixed office-retail building called The Loft.
Today, however, it’s a noisy demolition — one that briefly caught on fire last week.
Amazon Signs Another Lease in Crystal City — “Amazon.com Inc. has tacked on another block of space to its planned footprint at National Landing, less than a month after executing its first set of leases and purchase agreements with JBG Smith Properties for its second headquarters.” [Washington Business Journal]
Beyer Endorses Buttigieg — “Democratic presidential candidate Pete Buttigieg picked up his first endorsement from a member of Congress on Wednesday when Rep. Don Beyer from Virginia announced his support for the South Bend, Indiana, mayor.” [CNN]
A virtual tour is now online of the room developer JBG Smith used to pitch Crystal City and Pentagon City properties to Amazon.
Shirlington-based real estate marketing firm Lyons & Sucher designed the space, calling it “the room where it happened” and posted a virtual 360-degree tour on their website earlier this week.
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Protest in Front of Nestle Office in Rosslyn — “On Tuesday, Greenpeace activists hauled a 15-foot-tall heap of garbage, artfully crafted to resemble one of those deep sea fish that’s about 90 percent jowl, out in front of the Nestlé’s U.S. headquarters in Arlington, Virginia.” [Gizmodo, Twitter]
‘No Stopping’ Arlington’s Growth — “Historically a commuter bedroom city for Washington, D.C., Arlington, VA continues its development renaissance with a variety of mixed-use projects that will shuttle in new residents, create open spaces and make new room for more restaurants and companies.” [GlobeSt]
Riding Amazon’s Coattails — “As Amazon.com Inc. builds and staffs up HQ2, other tech companies who orbit the online retailer could follow, according to a JBG Smith Properties investor presentation released Tuesday. ‘Amazon isn’t just 38,000 jobs,’ the JBG Smith documents say. ‘It’s a catalyst for significant growth.'” [Washington Business Journal]
Amazon Effect on Real Estate — “While the average sales price in Northern Virginia stayed steady at $565,000 in January, according to the Northern Virginia Association of Realtors, the number of homes under contract rose by 70 percent compared with January 2018, and the number of homes for sale fell by 20 percent year-over-year. Limited availability of homes drives prices higher.” [Washington Post]
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(Updated at 9:30 a.m.) JBG Smith has made it official with Amazon, announcing this morning the signing of lease and development agreements with the tech and retail giant.
The announcement should put to rest any speculation that Amazon could pull out of its HQ2 plans in Arlington, as it did in New York City.
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Clerk’s Office Stressed By Extra Work — “Increasing amounts of paperwork – whether of the hard-copy or electronic variety – are putting the squeeze on the staff of Arlington’s clerk of the Circuit Court.” [InsideNova]
Amazon Aiming for Net-Zero HQ2? — “Amazon seems to be eyeing the possibility of constructing ‘net-zero energy’ buildings when it readies its new offices in Pentagon City and Crystal City, and raised the issue repeatedly in negotiations with county officials.” [Washington Business Journal]