When Amazon announced in November 2018 that Arlington, Va., would be the site for its second headquarters outside of Seattle, it set off a frenzy of real estate speculation.
Crystal City Metro will soon be one step closer to getting a second entrance. The Arlington County Board is set to approve an interim agreement on Saturday with real-estate company JBG Smith.
The numbers are mind-boggling. During the next decade, Amazon.com Inc. plans to develop about 6 million square feet of office space in Arlington County’s Crystal City, Pentagon City and Potomac Yard areas to accommodate the mammoth e-tailer’s new HQ2 East Coast headquarters.
We now have a pretty full picture of how JBG Smith Properties (NYSE: JBGS) and landowner Lionstone Investments will remake the 18.7-acre portion of Potomac Yard that houses, for now, the Regal movie theater.
Amazon has already moved more than 400 employees into leased office space in nearby Crystal City, but it plans to break ground on the first phase of new development at its second headquarters this month, Bisnow has learned.
When Amazon decided in fall 2018 to build a $2.5 billion East Coast headquarters on the edge of the Crystal City neighborhood in Arlington County, Virginia, it picked a location that does not much resemble the sort of hip urban locales that tech companies usually favor.
Please contact Samantha Schmieder
at: sschmieder@jbgsmith.com
