(Read more on the multifamily market.)

ROSSLYN, VA-Kathleen Webb, executive development officer for JBG Cos., tells GlobeSt.com that she is confident the FAA will ultimately approve its plans to build what will be, at 30 and 31 stories, the two tallest buildings in the Washington, DC area. “We think the chances are fairly high that we will receive FAA approval,” Webb says. “The residential building was approved in 2006; it was the office building about which they raised concerns. We have appealed that and the public comment period closed in February. So now we are just waiting for their revised comment.”

The FAA originally expressed concern over the height of the buildings due to the developments proximity to the Ronald Reagan National Airport, which means planes will routinely fly near the buildings in order to land. Should the FAA approve the project, the developer would basically have a green light to commence construction.

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