JBG SMITH Secures Approval for National Landing Apartments
- May 19, 2021
JBG SMITH has received the final approvals for its pair of residential projects in Arlington, Va.’s, National Landing area.
The developer began demolition and other enabling work on the vacant building on the project site earlier this year and may begin construction as soon as the beginning of 2022.
JBG SMITH secured the final entitlement approvals for both 2000 and 2001 S. Bell St. that will total 723,000 square feet and will include 758 units and 22,000 square feet ground floor retail space.
The 25-story 2000 S. Bell St. will offer 338 units while the 19-story 2001 S. Bell St. will be built with 420 units. Both communities will offer a rooftop amenity space, pool, fitness center, 24-hour concierge, large co-working spaces, 24-hour concierge, community rooms and dog-grooming stations. The developer is also targeting LEED Gold certifications for both buildings.
Bryan Moll, executive vice president of JBG SMITH, said in prepared remarks that the projects will add to the residential supply for the area, which is seeing an expansion of Virginia Tech’s Innovation Campus as well as Amazon’s ongoing work for its HQ2.
With the approvals for 2000 and 2001 S. Bell St., JBG SMITH has secured entitlements for approximately half of its five million-square-foot near-term development pipeline. The developer also broke ground on another pair of residential towers in National Landing at 1900 Crystal Drive in March.
INVESTMENTS IN ARLINGTON AFFORDABILITY
JBG SMITH’s two latest projects are part of its comprehensive community benefits agreement with Arlington County for entitlements within Crystal City, a company spokesperson told Multi-Housing News.
As part of the agreement, the developer dedicated more than 75 units at its nearby RiverHouse community as affordable housing for those making less than 60 percent of the AMI, the company spokesperson also told MHN.
JBG SMITH is also making a $3.4 million base contribution to the Arlington County Affordable Housing Investment Fund and expects to make more contributions as part of future entitlement efforts, according to the spokesperson.