(Updated at 11:55 a.m. on Nov. 4) Citing cost increases, developer JBG Smith is putting the brakes on building two seven-story residential apartment buildings around the corner from the Potomac Yard Metro Station.
Construction of an 85-foot-tall apartment building in block 15 and a 90-foot-tall apartment building in block 19 are being put on hold, Matt Kelly, CEO of JBG Smith, told investors this week. Kelly reportedly said that a surge in construction costs inhibit development.
JBG Smith is the master master developer for Virginia Tech’s $1 billion Innovation Campus, and last year signed a deal with to design, construct, manage and own two million square feet of mix-used property at Potomac Yard.
At the time, JBG Smith said that construction could start within the next year,
“The plans call for two multifamily buildings totaling approximately 419,000 square feet that have been placed in JBG SMITH’s Near-Term Development Pipeline and could start construction within the next 12 months,” JBG Smith said.
The hold on more than 400,000 square feet of residential development was first reported by the Washington Business Journal.
The 180,000-square-foot property on block 15 is a block away from the unfinished Metro station. Plans approved by the city call for a 212-unit building with an underground parking garage and 15,000 square feet of ground-level retail.
The 286,000-square-foot property on block 19 is planned as a 262-unit apartment building with an underground parking garage and 23,000 square feet of commercial and retail space.
A 31-year-old Maryland man is being held without bond for allegedly robbing a 28-year-old woman in the Landmark area on Saturday night (Nov. 26). Police said that the incident was…
Alexandria’s revenue tax is growing, but too sluggishly to keep pace with the expenditures — leading to a $17 million shortfall as the city heads into budget season. That estimate,…
With the holiday season approaching, a prerequisite for some family gatherings could be a negative Covid test. With Curative shutting down its testing kiosks throughout the region that might get…
Discover the festive events taking place during the month of December across various neighborhoods in Alexandria.
If you’re looking for a mental health professional in Virginia, Washington D.C., or Maryland, we can help.
We provide a confidential and convenient way to get the help you need from the comfort of your own home.
We offer a free 15-minute consultation to see if our services fit your needs.
The services we offer are:
High School Senior Anxious about College Life? Our amazing graduate interns, Meghan Damminger and Kelly Charwat are starting an affordable College Readiness group in early 2023. Working out day and time. Please email [email protected] to set up a free consultation after the Thanksgiving holiday. And yes, Meghan and Kelly have a few openings for individual clients as well. Their rate is $45 per session. [www.sarahmoorelpc.com](http://www.sarahmoorelpc.com/?fbclid=IwAR3ZlfQnSLVRCc78HbTZutDYZErTctC_5pl- zt4eo_wjQo1gF6uHS–k32g).
Don’t miss this toe tapping celebration!
The Symphony Orchestra of Northern Virginia (SONOVA) presents “Brassy Jazzy Christmas,” a strong lineup of Christmas and holiday favorites. Inspired by Stan Keton’s album “A Merry Christmas!,” SONOVA has created a jazz band–substituting french
Join in Alexandria’s favorite Thanksgiving tradition- the 47th Turkey Trot 5 Mile Race. Alexandria’s favorite Thanksgiving morning tradition, the Alexandria Turkey Trot, returns to the streets of Del Ray on Thursday, November 24 at 9 a.m. In the spirit of