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Latest NewsPenzance Looks To Add 3 Residential Towers To Rosslyn Skyline
The D.C.-based developer is planning to construct 900K SF across three towers on the site of Rosslyn Gateway. It has filed site plans with Arlington County for the project, branded as One Rosslyn, the company announced in a press release Tuesday.
“This is a very special site,” Penzance partner John Kusturiss told Bisnow, adding that his company has been “keeping an eye on” it since it was entitled for redevelopment more than a decade ago.
Penzance is partnering with Boston-based The Baupost Group on the project, which is being designed by Hickok Cole and Studios Architecture.
The towers are planned to total 862 units and 15K SF of retail, a Penzance spokesperson told Bisnow. There are two rental towers planned, one with 461 units and the other with 319, and one condo building with 82 units.
“There is definitely a shortage of housing in the region, in Arlington and specifically in Rosslyn,” Kusturiss said. “The Rosslyn sector plan calls for more housing, and we think this is just a phenomenal location for more multifamily housing. So we’re bringing forward three residential towers that will be a mix of unit sizes and price points and ownership […]
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Here’s what Penzance has planned for 555 Herndon Parkway
For years, District-based Penzance has planned a three-building mixed-use development on company-owned land near the Herndon Metro station.
Now, we have a better understanding of what the project at 555 Herndon Parkway will look like.
Penzance is out with new renderings for its proposed office, retail and residential development across a 4.3-acre site one-tenth of a mile from the Metro entrance.
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New condos and apartments in Arlington County could draw Amazon HQ2 workers
A condo development that was already in the pipeline in Arlington County, Va., might get an uptick in interest from people seeking to relocate to the Washington area for Amazon’s second headquarters in Crystal City.
Construction is underway at the Highlands, a residential and retail community around 1555 Wilson Blvd. When completed, which is anticipated to be in 2021, the Highlands will include three residential high-rise towers, a new fire station, a new street, 50,000 square feet of amenity space, 40,000 square feet of ground floor retail space and a newly redeveloped Rosslyn Highlands Park.
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They might have renamed Rosslyn, too. And more details from Virginia’s HQ2 pitch.
The Virginia piece of Amazon.com Inc.’s second headquarters, we now know, will be located in “National Landing,” a rebranded amalgam of Crystal City, Pentagon City and Potomac Yard.
National Landing was a formal part of the commonwealth’s pitch to Amazon. But, did you know, so was “Capital View”? And what is Capital View? That would apparently be Rosslyn and its immediate surrounds.
Beyond JBG Smith: 20 Developers Poised to Benefit from Amazon in Northern Virginia
The big winner of Tuesday’s announcement that Amazon selected Northern Virginia for half of its second headquarters was JBG Smith, the Chevy Chase-based REIT that will lease Amazon space for its initial offices and sell it land for future development of the 4M SF campus. But the e-commerce leader establishing such a massive presence in Crystal City, Pentagon City and Potomac Yard, an area it is now rebranding as National Landing, is sure to create ripple effects that will flow throughout the surrounding area and affect hundreds of properties.