JBG Smith to Develop Multifamily Towers at National Landing
The owner and developer has received approval for two residential buildings, comprising 758 units in Arlington, VA.
ARLINGTON, VA – JBG Smith have received final entitlement approvals from the Arlington County Board for two residential buildings, located at 2000 and 2001 South Bell St. at National Landing in Arlington, VA.
The property has been approved for a collective 758 multifamily units across two buildings; a 25-story building with 338 units and a 19-story building with 420 units. The development will also include more than 22,000 square feet of ground floor retail.
The approved plan comprises 723,000 square feet of new development.
JBG Smith began demolition and other work on the site’s vacant property earlier this year.
The owner and developer plans to have the buildings fully-designed and ready for construction by the beginning of 2022, subject to market conditions.
Both 2000 and 2001 South Bell St. will feature modern, glass exteriors and rooftop amenities and pools. The two towers will each offer fitness centers, 24-hour concierges, co-working spaces, community rooms and dog-grooming stations.
JBG Smith is targeting LEED Gold certifications for the two properties.
“We are thrilled to have received unanimous approval for 2000 and 2001 South Bell St. from the Arlington County Board; the board’s support further validates our shared vision for a transformed National Landing,” states Bryan Moll, EVP of JBG Smith. “The development will add to the supply of residential units in the area as Virginia Tech expands its Innovation Campus and Amazon continues to expand HQ2. We expect these additional apartments and new ground floor retail options to further establish National Landing as a 24/7 destination.”
As a result of the recent approvals, JBG Smith has now secured entitlements for 50% of its near-term development pipeline, which includes five million square feet of space.