JBG SMITH and Amazon have also executed Purchase and Sale Agreements for two of JBG SMITH’s National Landing development sites, Pen Place and Met 6, … These include the delivery of new residential and office developments, locally sourced amenity retail and thoughtful improvements to the streetscape, sidewalks, parks and other outdoor gathering spaces. It is expected that Amazon’s arrival will be a catalyst for this transformation and it will enhance JBG SMITH’s ability to deliver on this dynamic repositioning for residents, office tenants, neighbors and visitors.
JBG SMITH reached an agreement for exclusivity and negotiations that will give Amazon exclusive rights to lease space in several JBG SMITH buildings and to purchase land owned by JBG SMITH in Northern Virginia’s National Landing, where one of the new Amazon headquarters will be located. JBG SMITH expects Amazon to begin moving into 241 18th Street South and 1800 South Bell in 2019, and 1770 Crystal Drive by the end of 2020.JBG SMITH and Amazon have also executed Purchase and Sale Agreements for two of JBG SMITH’s National Landing development sites, Pen Place and Met 6, 7, and 8, which will serve as the initial phase of new construction associated with Amazon’s HQ2. Bond Platform Trumid Tops $1 Billion Valuation in Funding Ro... With Amazon employees set to arrive later this year, Van Horn said it was also JBG Smith’s goal to deliver additional housing units “to help meet anticipated new housing demand and mitigate upward pressure on rents in National Landing.” Arlington County typically reviews the submitted plans and provides comments within a month, according to the JBG Smith spokeswoman, adding that public … This decision is a game changer for our local economy and will breathe new life into a market that is still recovering from the headwinds of BRAC, the global financial crisis and sequestration.
Facebook Limits Ad Targeting That Some Linked to Race The leases encompass 88,000 square feet at 241 18th Street South, 191,000 square feet at 1800 South Bell Street, and 258,000 square feet at 1770 Crystal Drive. Apple’s Climate Promise Depends on Taiwan Partners Going Gre... JBG SMITH will also serve as Amazon’s developer, property manager, and retail leasing agent for these assets.“We are pleased to report that our partnership with Amazon at National Landing is moving full steam ahead,” said JBG SMITH CEO, Matt Kelly. These investments are in addition to $570 million of regional government commitments for transportation infrastructure and transit improvements, and they follow the regional compact from mid-2018 to invest $500 million annually in Metro system improvements.In March 2019, the Arlington County Board also unanimously approved a $23 million performance agreement with Amazon. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Amazon / JBG Smith, Metropolitan Park. All Rights Reserved. Discover JBG SMITH - the premier REIT of the Washington DC Metro Area. These factors include, among others: adverse economic conditions in the Washington, DC metropolitan area, the timing of and costs associated with development and property improvements, financing commitments, and general competitive factors. In National Landing, JBG SMITH owns 6.2 million square feet of existing office space, 2,850 units of existing multifamily space, and controls 7.4 million square feet of additional development opportunities, excluding Amazon’s proposed land purchase.“We are incredibly pleased to partner with Amazon on their new headquarters at National Landing.
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