The headquarters of a local, publicly traded company is moving buildings — but staying in Rosslyn
NYSE-listed Graham Holdings Company just signed a lease for the 21st floor of the distinctive office tower at 1812 N. Moore Street, best known as Nestle USA’s headquarters, property owner Monday Properties announced today.
A partnership between an apartment owner and a coworking provider has brought the office environment to an apartment complex in Arlington’s Long Branch Creek neighborhood.
Second Space Work Suites has set up shop at 2400 26th Road S., in the Avalon at Arlington Square community.
Looser parking requirements could encourage more gyms and shops to fill Arlington’s commercial real estate vacancies, the county believes.
The Arlington County Board on Saturday unanimously voted to have staff research possible changes to the Arlington County Zoning Ordinance and advertise requests to amend it. In addition to slashing parking minimums for gyms, the county is considering whether to allow parking lots to designate more spaces for compact cars.
Two development proposals in Clarendon and Virginia Square are facing delays.
Last week, ARLnow reported that St. Charles Catholic Church was suspending its church redevelopment plans for now, citing economic conditions. Two other projects nearby likewise cite the country’s economic outlook as one reason progress is taking longer than expected.
Developer JBG Smith filed a new conceptual site plan late last month proposing to redevelop a Crystal City office building.
The building, located at 1800 S. Bell Street, was leased by Amazon until its lease expired in 2023.
Several measures designed to combat Arlington’s persistently high office vacancy rate are slated for discussion next month.
On the table are expanded opportunities for shared and offsite parking, as well as more lenient parking requirements for fitness centers. Officials are also set to consider whether to allow large media screens for outdoor entertainment in some business districts.
Arlington’s office vacancy rate remains high but may be stabilizing after an initial, sharp increase due to Covid remote work policies.
As of the fourth quarter of 2023, the countywide office vacancy rate stands at 24.4%, according to a new report from commercial real estate company Colliers.
(Updated at 12 p.m. on 10/19/23) County leaders say Arlington is facing a grim future due to its rising office vacancy rate, which now stands at 21.5%.
Arlington is leading the region with its vacancy rate, which works out to 9 million square feet of empty space, according to Arlington Economic Development Director Ryan Touhill. He predicts the vacancy rate will continue climbing, as AED has determined about one-quarter of office buildings are at risk of sustained vacancies.
JBG Smith is asking Arlington County to relieve it of restrictions that it says present serious obstacles to putting up new rooftop signs.
The real estate company is specifically asking the county to remove language restricting the number and size of signs allowed on two office buildings in the Crystal Park development it owns in Crystal City. The proposal is set to go before the County Board this Saturday.
The Air & Space Forces Association will be moving out an office building north of Rosslyn to something closer to the Pentagon.
The association, which supports members the Air and Space Forces, was looking for a more modern space for its national headquarters after spending about 40 years in an office building from the 1980s. It sold its digs on Langston Blvd earlier this year before agreeing to move into the Westpost development, formerly Pentagon Row, in Pentagon City.
(Updated 10:30 a.m.) Where the prosaic golden arches of the stand-alone McDonald’s once perched, a residential high-rise now joins the many skyscrapers defining Rosslyn’s changing skyline.
Some old landmarks have been incorporated into new high-rises, including the McDonald’s now beneath Central Place Tower on N. Lynn Street and the former Fire Station 10 at the base of The Highlands.
