Arlington's Annual Real Estate Review and Forecast

Arlington takes steps to help small businesses

Arlington Regains Tourism Title: Number One in Virginia

March 2011  
Arlington 

Economic Update
in this issue


From the Director

The Foundation of Ballston

 
Business Spotlight
Segue Technologies Named #3 Best Place to Work by VA Business Magazine
 
Events
March Events
 
Green Games

Arlington Green Games Hits a Home Run with Over 100 Participants

Arlington, 

Virginia, USA
  Ballston Sky Breaking
  JBG's 800 N. Glebe Road Celebrated at Ceremony in Ballston
800 N. Glebe Road
800 N. Glebe Road
 
Signatures on Ceremonial Girder
Signatures on a ceremonial steel girder
for the project
 

800 North Glebe, a 10-story, 316,000 square foot Class A office and retail complex by The JBG Companies is underway in Ballston. Rising rapidly and redefining the Ballston streetscape, the building is the latest addition to Ballston’s strong hub of science and technology research organizations, universities and private firms.

Concrete pillars are now being poured atop the already completed underground parking garage, signaling the second stage of the LEED Gold Certified project. Located at the corner of North Glebe Road and Wilson Boulevard, the building will include 30,000 square-foot floor plates and 28,000 square feet of retail. Delivery is expected in March 2012.

Local leaders joined U.S. Congressman Jim Moran at the "skybreaking" event, including Arlington County Board Chairman Christopher Zimmerman and Board Members Jay Fisette and Barbara Favola. The officials signed their names to a ceremonial steel girder.

"This is a strong example of the continuing economic progress Northern Virginia is making during these trying times nationally," said Moran. "Locating this state-of-the-art complex in a prime location steps from Metro fits with good government policy and common sense. It can't help but be successful."

“Ballston is making a strong statement as a major business hub in the Northern Virginia marketplace and this property is arriving in the best location and at the right time,” said Brian Coulter, a Chief Development Officer at The JBG Companies. “We believe the fine design and amenities of this building will be attractive to a wide range of business interests.”

Commemorative artwork will pay tribute to the former long-time car dealership that occupied the site, Bob Peck Chevrolet. An artist’s replica of a ’55 Chevrolet tail fin will be placed in an outdoor plaza to signify that history, and the rounded front of the building will feature an architectural awning of the blue-and-white diamond pattern that announced the former dealership to car shoppers of the past.

Arlington, Virginia