economic development | ARLnow.com

Morning Notes

Published June 22, 2017 at 8:55AM

Alamo Drafthouse Coming to Crystal City — An Alamo Drafthouse Cinema will be coming to Crystal City to anchor a residential redevelopment by the JBG Smith. The redevelopment will convert the aging office building at 1750 Crystal Drive to a gleaming glass-and-metal residential building while topping it with a six-story addition. Also planned is an as-yet unsigned “specialty grocer” — think: Trader Joe’s or something similar. [Washington Business Journal]

Home Prices Rise in Arlington — “Long & Foster Real Estate Inc. says the median selling price in Arlington County last month was $613,500, up 15 percent from May of 2016. The change was based on 350 closed sales in Arlington in May.” [WTOP]

Feature

Software Startup Receives Grant After Crystal City Move

By Chris Teale

Published June 19, 2017 at 12:00PM

Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.

A software startup received a $35,000 grant at Saturday’s Arlington County Board meeting after relocating to Crystal City last year.

News

Board Considering Extending Bloomberg BNA’s Partial Tax Exemption

By Chris Teale

Published June 14, 2017 at 4:30PM

The Arlington County Board will discuss Saturday whether to move forward with a plan to extend a partial real estate tax exemption for Bloomberg BNA.

Bloomberg BNA is a major employer in the neighborhood with 972 employees and a 200,000 square foot office at 1801 S. Bell Street. It signed a deal earlier this year to stay in Arlington, invest $5.5 million and create up to 125 new jobs.

News

Morning Notes

By ARLnow.com

Published June 13, 2017 at 9:10AM | Updated June 13, 2017 at 9:40AM

D.C. and Arlington: Tech Towns? — The Greater Washington area has ranked third on a major real estate firm’s list of “Tech Cities 1.0.” The area received high marks for its educated workforce and pace of startup growth. Arlington, meanwhile, is continuing to land tech firms from D.C. and Fairfax County, in part thanks to active outreach and an incentive program from Arlington Economic Development. State incentives helped keep Applied Predictive Technologies in Ballston; the firm has a new office and is now expanding and creating 350 jobs.

Exotic Pet Ban Vote Delayed — The Arlington County Board is expected to delay its consideration of a new exotic pet ban until the fall. The proposal has garnered strong reactions from both sides of the issue, including from the D.C.-based Animal Welfare Institute, which is urging the Board to approve the ban. [InsideNova]

News

Morning Notes

By ARLnow.com

Published June 8, 2017 at 10:15AM | Updated June 8, 2017 at 10:36AM

Police Investigating Shooting in DoD Office Building — Arlington County police are investigating a fatal shooting in the Defense Department’s Taylor building, at 2530 Crystal Drive in Crystal City. The shooting happened this morning and initial reports suggest it was self-inflicted.

Lyon Village Profiled by WaPo — “Close to both the Clarendon and Court House Metro stops on the Orange and Silver lines, Lyon Village is the kind of neighborhood where families know their neighbors, children play and parents can walk almost everywhere.” [Washington Post]

News

County Board Approves Grants to Woo Nestlé

By Chris Teale

Published March 22, 2017 at 5:00PM | Updated September 15, 2017 at 9:11AM

The Arlington County Board approved Tuesday a $12 million package of state and local grants for the relocation of Nestlé’s U.S. corporate headquarters to Rosslyn.

The food giant will receive $6 million in Commonwealth Opportunity Fund grant money from Virginia. COF money is incentive-based, and requires at least $36 million in capital investment and 748 new jobs with an average annual salary of $127,719.

News

Venture Capital Firm To Join Crystal City Innovation Hub

By Chris Teale

Published March 22, 2017 at 1:15PM

The County Board unanimously approved an incentive-based economic development grant for SineWave Ventures at its Tuesday meeting.

Up to $250,000 would be paid over five years to SineWave under the terms of the deal, depending on performance.

News

County Board to Discuss Grant For Crystal City Venture Capital Hub

By Chris Teale

Published March 14, 2017 at 10:45AM

At its Saturday meeting, the Arlington County Board will consider a proposed agreement with SineWave Ventures for an incentive-based economic development grant.

Up to $250,000 would be paid over five years under the terms of the deal, depending on performance.

Feature

GreenSight Agronomics Wins Startup Arlington Competition

By Chris Teale

Published March 6, 2017 at 1:00PM

Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.

Boston-based GreenSight Agronomics won this year’s annual Startup Arlington competition, Arlington Economic Development announced last week.

News

Nestlé to Move U.S. Headquarters to Rosslyn

By ARLnow.com

Published February 1, 2017 at 1:55PM | Updated September 15, 2017 at 9:11AM

(Updated at 4:15 p.m.) Nestlé is moving its U.S. corporate headquarters from Southern California to Rosslyn, the company announced today.

The move, a boon to Arlington in its effort to reduce the county’s office vacancy rate and its reliance on government-related employment, will finally bring an anchor tenant to 1812 N. Moore Street.

Around Town

Arlington County Considering Housing for Artists

By ARLnow.com

Published January 31, 2017 at 11:10AM

The public discussion will take place on Wednesday, Feb. 8 and will be led by Minneapolis-based Artspace, a nonprofit that “uses the tools of real estate development to create affordable, appropriate places where artists can live and work.”

“The conversation with arts, community, and business leaders will focus on the potential for artist housing in a variety of neighborhoods in Arlington,” according to a web page for the event. “The visit will assess the viability of arts-related programming for selected sites.”

News

Morning Notes

By ARLnow.com

Published January 26, 2017 at 10:30AM

Gov. Announces New Jobs for Arlington — Gov. Terry McAuliffe (D) has announced that Vorsight, a “sales effectiveness” tech firm in Rosslyn, will be expanding its corporate headquarters, creating 112 new jobs in Arlington. [Governor of Virginia]

New Apartments in Crystal City/Pentagon City — More than 1,100 new apartments opened in the Crystal City and Pentagon City area in 2016. More than 3,000 additional apartments are in the development pipeline. [Bisnow]