Showing posts with label USAA. Show all posts
Showing posts with label USAA. Show all posts

Friday, August 24, 2012

Clarendon is on its way to getting yet another apartment building. Zom Inc., which is developing USAA Real Estate's parcel at 1200 N. Irving Street in Arlington, finally began construction earlier this month on a 10-story apartment building with ground floor retail that will front both N. Irving Street and Washington Boulevard. The project was designed by Esocoff & Associates.

Formerly known as The Waverly at Clarendon Station, the development has now been christened The Beacon at Clarendon West, according to Greg West, chief development officer for the Florida-based Zom. "We’ve revised the design and rebranded the project," he said.

The company's original condo concept is off the table. Instead, the project will include 187 one- and two-bedroom units averaging 850 square feet, each with de rigeur hardwood floors, granite countertops and stainless steel appliances. About half will have balconies, and a rooftop pool is included in the package.

The building will have "a very unique and interesting radius shape," said West. In part, that curvilinear facade is designed to take advantage of the lot's outline. On the ground floor, lining both N. Irving Street and Washington Boulevard - but not the corner itself - will sit 17,000 square feet of space designed for retail. Zom has hired Asadoorian Retail to fill the spaces, but West claims the development partners have not decided on a specific mix of types. "We have a lot of flexibility as to the size and variety of what we can take," he said. "We just want to find the best tenants who will provide a good amenity value to the building."

Construction of the project, which is being done by Donohoe Construction, is beginning with a major excavation to make room for two floors of underground parking. The development, which will incorporate an historic facade that’s still on the property, should be finished in about two years.

The site, located two blocks from the Clarendon Metro station, has a fairly long history. Zom bought it from Faison in 2006 but the property lay empty for several years. In 2011, USAA bought the property and is developing it together with Zom.

The partners are also involved in a second Arlington venture, located at 1919 Clarendon Boulevard in Courthouse. The Clarendon Boulevard project, which is also currently under construction, is similar to the N. Irving Street one: although it's five stories rather than 10, the development includes 191 high-end apartments and another 17,000 s.f. of ground floor retail. Asadoorian is screening tenants for that property as well. "We'll be selecting retailers soon," said West.

Arlington Virginia real estate development news

Thursday, April 5, 2012


Two open lots in Arlington will start bustling within the next two weeks as work begins on two long-awaited mixed-use developments between the Rosslyn and Courthouse Metro stations.

After many months of predicting an "imminent" groundbreaking at the adjacent pair of now-vacant lots, Elm Street Development plans to begin utility work next week at 2001 Clarendon Blvd., Elm Street Vice President James Mobley said in an email. Next door at 1919 Clarendon Blvd. (the Hollywood Video site), crews were told to proceed, with work getting underway within two weeks, sources at USAA Real Estate said.

Arlington County records show USAA received a sheeting a shoring permit March 28 but still must revise plans to get additional construction permits for the residential and retail development at 1919 Clarendon Blvd., previously 1900 Wilson Blvd.
Rendering of 1919 Clarendon Blvd.
Meanwhile, records show that Elm Street is still working to get approval for sheeting and shoring in addition to the other required building permits for the proposed retail and residential development at 2001 Clarendon Blvd., previously 2000 Wilson Blvd.

"We have submitted for Footing to Grade Permit and addressed comments on the Sheeting and Shoring Plans," Mobley said in the email. "Other than addressing County comments the building is unchanged."
Rendering of 2001 Clarendon Blvd.

Mobley did not respond to a question asking why the project has been delayed. USAA said its project is moving forward as planned. However, both companies have said that construction was at hand at least since 2010.

With an expected delivery date in 2014, 2001 Clarendon Blvd. will be home to a 6-story mixed-use development with 154 apartments and approximately 30,000 s.f. of retail space. WDG Architecture designed the building S. E. Foster will construct. .

USAA will bring a 5-story mixed-use development with 198 residential units and 24,657 s.f. of retail space to 1919 Clarendon Blvd. USAA bought the site and plans from Zom Inc.in 2001. Torti Gallas designed the project that Harkins will build.

Arlington, VA real estate development news