JBG SMITH Submits First Application Via Arlington County’s Newly Adopted Adaptive Reuse Program
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, has filed an application with Arlington County to transform more than 550,000 square feet of vacant office space across two National Landing towers into a 330+ key hotel and approximately 200 rental apartments.
JBG SMITH’s adaptive reuse plans are the first under Arlington County’s newly adopted Adaptive Reuse Amendment process. Adopted in November 2024 and sponsored by Arlington Economic Development’s Commercial Market Resiliency Initiative, the program provides a streamlined and expedited pathway for transforming obsolete office buildings into new residential and hospitality offerings.
JBG SMITH’s submission will convert 2100 Crystal Drive, an 11-story approximately 250,000-square-foot tower built in 1968 into a 330+ key hotel. The plan also envisions the transformation of 2200 Crystal Drive, an 11-story approximately 315,000-square-foot tower also built in 1968, into a multifamily building featuring approximately 200 residences.
“JBG SMITH is proud to submit these first projects under Arlington County’s innovative new adaptive reuse program. By creating this new framework, the County has taken an important first step to strengthen our mixed-use neighborhoods and foster a healthier long-term office market,” said Matt Ginivan, Senior Vice President, Real Estate Development, JBG SMITH. “We look forward to working with Arlington County to advance this important redevelopment, which will generate much-needed new homes, hotel rooms, jobs, and local tax revenue.”
About JBG SMITH
JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH’s holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon’s new headquarters; Virginia Tech’s under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and our retail and digital placemaking initiatives and public infrastructure improvements. JBG SMITH’s dynamic portfolio currently comprises 13.1 million square feet of high-growth multifamily, office and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 9.3 million square feet of mixed-use, primarily multifamily, 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.
