Two-Building Development Will Bring 775 Apartments and New Retail to National Landing
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, announced today the start of construction on a pair of multifamily towers at 2000 and 2001 South Bell Street. The planned mixed-use development is expected to bring 775 rental apartments and nearly 27,000 square feet of retail to the heart of National Landing.
Two renowned architecture firms were retained to create two distinct towers utilizing varied heights, colors, materials, designs and finishes to further shape and enhance National Landing’s skyline. Global architecture firm KPF designed 2000 South Bell Street to be a modern, 25-story glass tower with 355 multifamily units situated above approximately 15,000 square feet of street-level retail. The adjacent 2001 South Bell Street was designed by international design practice STUDIOS to be a 420-unit, 19-story tower that emphasizes architectural verticality with a bold, green-glazed brick façade and approximately 10,000 square feet of street-level retail. SK+I will serve as the architect of record for both towers.
Plans for both buildings include stylish rooftop amenity spaces with unobstructed, panoramic views of National Landing and the Washington DC skyline, as well as pools, fitness centers, 24-hour concierges, large co-working spaces, community rooms and dog-grooming stations. The plans also call for in-garage bike parking and electric vehicle charging stations for residents. The projects are under fully-executed guaranteed maximum price (GMP) contracts with leading international construction group Balfour Beatty, who will serve as general contractor. Both buildings are targeting LEED Gold Certification.
“The start of construction at 2000 and 2001 South Bell Street is a major milestone in National Landing’s ongoing transformation and delivers on our pledge to build new housing in lockstep with Amazon and Virginia Tech’s growth in the neighborhood,” said Bryan Moll, Executive Vice President of Development at JBG SMITH. “These two unique towers are a testament to our efforts to create a more animated and diverse urban environment through an injection of creativity and in collaboration with established architectural design firms.”
2000 and 2001 South Bell Street are located just one block from JBG SMITH’s vibrant, new dining and retail development along Crystal Drive, the Crystal City Metro entrance, a planned regional rail (VRE) connection, and an upcoming pedestrian bridge linking downtown to Reagan National Airport. The buildings are also expected to benefit from the planned redesign of Route 1, which will bring portions of the roadway to grade and feature a pedestrian-friendly design with large sidewalks intended to improve and promote walkability.
Demolition and other site prep work began at 2000 and 2001 South Bell Street in early 2021, and the project received unanimous approval from the Arlington County Board in May 2021. The approved project contains a robust community benefits package including numerous site and adjacent infrastructure improvements, dedicated parks and open space funding, funding for a new library to be located in National Landing and dedicated affordable housing.
This project represents the second major ground-up multifamily development that JBG SMITH has commenced in the last year. In March of 2021, construction started at 1900 Crystal Drive, a planned 808-unit multifamily asset with more than 38,000 square feet of street-level retail across two 300-foot towers. JBG SMITH has 1,583 units currently under construction, and an additional 1,760 units in the Near-Term Development Pipeline in National Landing to meet the influx of demand anticipated from Amazon HQ2 and the Virginia Tech Innovation Campus. JBG SMITH continues to make progress throughout its National Landing developments, including the anticipated on-time delivery of the first phase of Amazon’s HQ2 in 2023 and the completion of Virginia Tech’s first permanent Innovation Campus facility in 2024.
About JBG SMITH
JBG SMITH owns, operates, invests in and develops a dynamic portfolio of mixed-use properties in the high growth and high barrier-to-entry submarkets in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Over half of JBG SMITH’s holdings are in the National Landing submarket in Northern Virginia, where it serves as the developer for Amazon’s new headquarters, and where Virginia Tech’s planned new $1 billion Innovation Campus is located. JBG SMITH’s portfolio currently comprises 17.1 million square feet of high-growth office, multifamily and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 16.6 million square feet of mixed-use development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.
