Employees at Nestle’s USA headquarters are expected to finish moving into its new Rosslyn office by the end of January.
In an interview with ARLnow earlier this month, Rosslyn Business Improvement District President Mary-Claire Burick said the moving process is expected to be complete soon.
The office vacancy rate in the Rosslyn-Ballston corridor continued to recover in 2017, with new tenants moving in this year expected to maintain that recovery.
Commercial real estate firm JLL found that the recovery continued for the third straight year, after tenants moved out in droves from 2009 to 2014 following BRAC and sequestration at the federal level. That contributed to Arlington County’s total office vacancy rate being at 22.7 percent in 2017.
Northern Virginia office space is most expensive to rent on Wilson Blvd in Rosslyn, according to a study.
Commercial real estate firm JLL found that rents on the street in Rosslyn average between $56 and $65 per square foot, and that those rents are increasing.
Two years after being put on hold, construction will resume next year on the Liberty Center’s final building in Ballston after it signed an office tenant.
AvalonBay Communities, a publicly-traded apartment developer and real estate investment trust, will relocate its headquarters to 4040 Wilson Blvd, which is set to be a 22-story mixed-use building with offices, retail and residential. It will be Ballston’s tallest building.
A new co-working space will move into Ballston next year, across the street from the under-construction Ballston Quarter mall.
TechSpace will move into the eighth floor of Two Liberty Center (4075 Wilson Blvd); its 10th location in the United States. It expects to open in June 2018. TechSpace already has similar co-working spaces in New York, California and Texas.
The University of Virginia’s Darden School of Business is expanding into two floors of a Rosslyn high-rise office building.
The new “state-of-the-art learning facility” will occupy the 30th and 31st floors of 1100 Wilson Blvd — owned by Monday Properties — with administrative, conference and classroom space taking up approximately 40,000 square feet. The school already has regional staff offices in the building and holds executive MBA classes at 1000 Wilson Blvd and 1919 N. Lynn Street.
A $13.8 million plan to move Arlington Public Schools’ offices from the Education Center to prepare for its use as a high school is set to begin later this year.
The Education Center, which houses various APS offices as well as the Arlington School Board’s meeting rooms, will be used as part of a “hybrid option” alongside the Career Center to add 1,300 high school seats for APS. The Education Center is adjacent to Washington-Lee High School.
A man of short stature walked into a Crystal City office building, stole a purse, and almost immediately starting using the victim’s credit cards, according to police.
The Arlington County Police Department is investigating the burglary, which happened Monday at the Consumer Technology Association in Crystal City. The department released surveillance camera images of the suspect at ARLnow.com’s request.
County Opts to Acquire Hospital Site — Arlington County Board members on Tuesday voted to formally seek a large tract of land along S. Carlin Springs Road in a land swap with Virginia Hospital Center. In exchange, the county is offering to VHC county-owned land next to the hospital, which would allow it to expand. [Arlington County, InsideNova]
Bike Thefts Up in Arlington — Bike thefts were up for the first 6 months of 2017, compared to a year prior. No one seems to be safe from the prolific bike thieves, who often target high-end bikes parked in garages and bike lockers; among those reporting recent thefts were Henry Dunbar, the director of BikeArlington and Capital Bikeshare in Arlington, and an ABC 7 employee. [WJLA]
A coffee bar is moving into the RCA building in Rosslyn, in place of an English language school.
Permitting applications indicate that Central Coffee Bar — also known as Cities Coffee and Bar in county filings — will replace part of the Inlingua English Center in the first floor of the building at 1901 N. Moore Street.
A building adjacent the Crystal City Metro station is getting a bold new red paint job.
Property owner Vornado will be adding color to its currently beige office building at 251 18th Street S. The painting is expected to begin soon.
It’s Groundhog Day — Punxsutawney Phil saw his shadow today, suggesting that we’re in for six more weeks of winter. The meteorological scolds at the Capital Weather Gang, however, think the prognosticating groundhog is wrong and that spring may arrive early. [Capital Weather Gang, Accuweather]
More Details on Nestlé Deal — Landing Nestlé is a huge win for Arlington County, for Rosslyn and for 1812 N. Moore Street owner Monday Properties, which stuck to its plan of keeping the skyscraper’s top floors empty as it awaited a big tenant. As part of the deal, Monday will put the company’s logo on two sides of the building, will nix a restaurant space to build a separate entrance for Nestlé’ employees, and will “more than double the size of the building’s wellness center to include space for spinning, yoga and pilates.” [Washington Business Journal]
