Northern Virginia won half of Amazon’s second headquarters, the tech giant announced Tuesday, and after over a year of anticipation, the details about what exactly the company’s presence in the region will look like are finally coming to light.
Amazon refers to its new Northern Virginia hub as National Landing, a newly coined neighborhood that includes Crystal City, the eastern portion of Pentagon City and the northern piece of Potomac Yard. The company said it will invest $2.5B, create over 25,000 high-paying jobs and occupy 4M SF of office space, with the opportunity to expand to 8M SF.
The Seattle-based tech giant will lease space in Crystal City and Pentagon City from JBG Smith, which owns 6.2M SF of existing office space and 7.4M SF of future development sites in the neighborhood. Additionally, a Virginia Tech Innovation Campus will be developed in the Alexandria portion of Potomac Yard.
The company will lease roughly 500K SF of existing office space at 241 18th St. South, 1800 South Bell St. and 1770 Crystal Drive, JBG Smith said. It expects to begin construction before the end of the year on the renovations at 1770 Crystal Drive, which include 272K SF of offices.
Amazon also plans to purchase sites from JBG Smith, including the long-planned Pen Place site in Pentagon City that could support up to 4.1M SF of total development. It said it will begin planning the first office building this year and expects to begin construction next year. JBG Smith would serve as Amazon’s development partner, property manager and retail leasing agent.
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