Arlington Approves 1-Million-SF Project

The JBG Cos. and TrizecHahn Office Properties have won approval from the Arlington County Board of Supervisors to start work on Waterview, the million-sf, mixed-use project they plan for Rosslyn. It will include a 600,000-sf of office building, a 300,000-sf, four-star hotel and about 100,000 sf for residences, most likely condominiums. The office and hotel towers will be about 300 feet high.

The 30-month construction project will begin no earlier than nine months from now, says Ben Jacobs, JBG principal. The developers don’t plan to build on spec.

In the meantime, they believe there is a reasonable chance of significant pre-leasing. The Rosslyn-Ballston corridor along Arlington’s Orange Line Metro stations has traditionally attracted professional services, and in the past year, it has drawn great interest from high-technology firms looking for urban settings and fewer commuting problems. JBG has also started construction on a 335,000-sf project a block away from Waterview at 1801 N. Lynn St., which is wired with advanced Internet and telecommunications access.

Waterview’s architects include James Ingo Freed of Pei Cobb Freed & Partners and DMJM.