A curated source of significant news in Arlington County that affects the retail industry including development project updates, infrastructure plans, major office tenant announcements, and more.
Block.one Opens U.S. Headquarters in Rosslyn (September)
A publisher of high-performance blockchain software, Block.one is set to create 170 high-skill jobs in Arlington over the next three years. The company will retain its innovation hub in Blacksburg, VA, while the Arlington location will add roles in engineering and IT, cybersecurity, and marketing.
Nestle Expands Rosslyn Headquarters (August)
Following their U.S. headquarters relocation in 2017, Nestle recently announced an expansion of their Arlington presence from 252,000 to 300,000 square feet at 1812 N. Moore Street. The growth follows another expansion in 2018, when one of the company's subsidiaries, Gerber, moved their headquarters to the same building.
Progress along the Columbia Pike corridor looks to continue with the planned redevelopment of Fillmore Garden Shopping Center near the intersection of S Walter Reed Drive. Currently home to CVS, Atilla's restaurant, and the Salsa Room, among others, the retail strip would transition into a six-story mixed-use building while an adjoining parking lot would be ceded to Arlington County for the expansion of Penrose Square park.
Rosslyn Metro Center is set for a long-awaited overhaul, as owner American Real Estate Partners announced a $35 million investment. The renovations will include a 20,000 SF food hall, a 30,000 SF fitness tenant, and improvements to the office common areas. The food hall will join similar concepts planned in Rosslyn (Common Grounds; Happy Endings) and the recently opened Quarter Market in Ballston.
After signing a deal in Ballston in 2018, Industrious is adding another Arlington location at the recently constructed 2311 Wilson Boulevard in Courthouse. The 25,000 square foot space is scheduled to open in early 2020 with several lease options for tenants from month-to-month to 12-months. The 179,205-square-foot building also recently announced ground floor deals with For Five Coffee Roasters, Solidcore, and Wells Fargo.
As the Transportation Security Administration prepares to move their headquarters to Springfield, Brookfield Properties is quickly proceeding with plans for the site's future. The developer recently submitted plans for a complex of four new towers, totaling about 1.5 million square feet, that could potentially house a mix of hotel, office, residential, and retail uses.
Incentive Technology Group announced plans to lease 50,000 square feet at 2511 Jefferson Davis Highway for their headquarters, which will eventually house over 1,000 employees. The company selected Arlington over Georgia for their new headquarters, partly in response to the expected influx of tech talent once Amazon begins ramping up.
In the wake of the National Science Foundation's 700,000-square-foot departure, the redevelopment of its former home and several new developments are bringing renewed focus to the neighborhood. The mix of office, residential, and retail projects are introducing a wave of new retailers including Cava, Philz Cafe, Salt Line, Quarter Market food hall, and Target.
Yext Inc., a tech company that provides cloud-based brand management services signed a deal for 43,000 square feet at 1101 Wilson Boulevard and expects to hire 500 employees in the coming years. The announcement continues Rosslyn's momentum from 2018, when office deals included Accenture, Cerner, Convene, Gerber, Higher Logic and WeWork.
The world's oldest Marriott was acquired in 2018 by Woodridge Capital Partners, who are preparing plans for a significant renovation that will add residential and retail to the 5.5-acre site on the Potomac. Additionally, they plan to add meeting and event space, while improving connections from the site to the rest of Rosslyn.
Plans Submitted for Two Residential Towers in Crystal City (February)
Less than a block from where Amazon will open its Arlington headquarters, developer JBG Smith filed preliminary plans for 26- and 27-story towers at 1900 Crystal Drive. Combined, the towers propose 789 units along with 35,000 square feet of retail at their base.
In an effort to transform an obsolete office building that sits opposite a Whole Foods Market, Regency will add an additional floor while upgrading the ground level with high quality retail and dining options. In total, the project is 140,000 square feet with a breakdown of 86,000 square feet of office, 31,000 square feet for an unidentified high-end fitness user, and another 23,000 square feet of retail. The building is slated to deliver in the second quarter of 2020.
PBS to Relocate Within Crystal City (January)
Public Broadcasting Service, a nonprofit television network, plans to relocate from its current home in Crystal City at 2100 Crystal Drive to 1225 S. Clark Street, about a half-mile away, in mid-2020. PBS signed a 15-year lease to occupy 120,328 square feet in the building, which is also home to a 45,000-square-foot Earth Treks climbing gym.
Located blocks from the planned Amazon headquarters in Pentagon City, the developers behind the Crystal Houses apartment complex have more than tripled their proposed addition on the site in the wake of the tech giant's November announcement. The developer originally received county approval to build a 5-story, 252-unit building, while the new plan calls for four buildings comprising a total of 798 units.
In the wake of its partnership in the Amazon announcement, GMU is growing its Arlington campus in the near future. Most notably, the university will tear down an aging structure at 3401 Fairfax Drive to make way for a 400,000-square-foot replacement to house the Institute for Digital Innovation. The new building will include classrooms and computer labs, retail, and short-term housing for visiting guests.
AIR, one of the world's pre-eminent research, evaluation, and technical assistance organizations, opened a new 90,000-square-foot office at 1400 Crystal Drive. The expansion from AIR's headquarters in DC caps off a massive year for the Crystal City/Pentagon City area with earlier announcements from Amazon, Interstate Hotels & Resorts and March of Dimes.
Developed by Penzance, the 884-unit project sits atop the hill in Rosslyn at 1555 Wilson Boulevard. The residential units will be divided into three towers with a mix of 780 apartments and 104 condos. Additionally, the building includes 40,000 square feet of retail, which will be anchored by a 27,000-square-foot location of Vida Fitness. CVS has also signed onto the project and will lease 4,300 square feet.
The Arlington County Board approved plans at 1550 and 1750 Crystal Drive for 90,000 square feet of retail, which is part of JBG Smith's planned overhaul of the area. The project is expected to be anchored by Alamo Drafthouse Cinema and a to-be-named grocery store.
Healthcare IT Company Opening Rosslyn Office (September)
Cerner, a Missouri-based healthcare technology company, is leasing 38,075 square feet at 1812 N. Moore Street, where they will join Nestle's corporate headquarters and its subsidiary, Gerber. The Rosslyn location will house staffers working on the company's contracts with the Department of Veteran Affairs and the Department of Defense.
WeWork Opening Coworking Space in Rosslyn (September)
Adding to the list of tenants at CEB Tower (1201 Wilson Boulevard), the coworking space provider is leasing 65,000 square feet on the 25th through 27th floors. Rosslyn is already home to a growing number of flexible space providers including Convene, Eastern Foundry, Regus, and Spaces.
DEA Renews 500,000 SF Lease in Pentagon City (September)
The General Services Administration renewed the DEA's 511,487 SF lease at 600-700 Army Navy Drive for 15 years. The renewal comes after the GSA launched a competitive process in 2016 to seek a new home for the agency. The Pentagon City headquarters houses 2,500 employees, plus a visitors center and museum.
With a 4.5% increase over the 2016 benchmark, tourism revenue for Arlington reached a new record. Coinciding with the increase, Arlington was recognized in 2017 by Expedia as a "Super Cool U.S. City" and by ConventionSouth as a top location for meetings and conventions.
While Arlington may be a small county geographically, it's punching above its weight in terms of churning out exciting companies. On this year's Inc. 5000 List, a prestigious grouping of America's fastest-growing companies, Arlington is represented by thirty-three businesses.