JBG SMITH Properties (NYSE: JBGS), a leading owner/developer of high-quality, mixed-use properties in the Washington, DC market, announced today the filing of a 4.1 site plan application with Arlington County for street focused retail redevelopment in Crystal City’s “North District”, at the Crystal City Metro station-- along Crystal Drive from 15th to 18th Street, and wrapping 18th Street. This filing kicks off the first phase of JBG SMITH’s transformative vision for Crystal City as a pedestrian-centric community with an active retail heart.
In a separate site plan to be filed later in the Fall of 2017, JBG SMITH plans to transform a 1970’s era office building in the center of the block, into a new mixed-use, multifamily project at 1770 Crystal Drive, diversifying Crystal City’s mix of uses and adding dimension to the skyline and the street experience.
“We are very excited to start the process of implementing a new vision for the future of Crystal City.” said Brian Coulter, Co-Chief Development Officer of JBG SMITH. “We see the potential for this area to be a vibrant center of activity—with a warm street experience that integrates a curated mix of anchor and small retailers with new transit connections and public spaces.”
Consistent with the vision for the Crystal City Sector Plan, the plan includes approximately 120,000-square-foot of retail anchored by Alamo Drafthouse Cinema, a movie theater with a full-service food and beverage menu. A specialty grocer is also envisioned, along with smaller shops and dining options that will add energy and texture to the street experience. Plazas, updated streetscapes and lush gardens will all help create an inviting new district.
The plan includes a new, iconic retail building at the corner of 18th Street and Crystal Drive—adding a fresh design element to the street. A new Metro entrance at 18th Street and Crystal Drive along with engaging public plazas and parks is expected to create an immersive shopping, dining, gathering, and entertainment hub—directly connected to Metro, VRE, MetroWay bus, and the Mt Vernon bike trail.
About JBG SMITH
JBG SMITH is an S&P 400 company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, DC. Our mixed-use operating portfolio comprises approximately 20 million square feet of high-quality office, multifamily and retail assets, 98% of which are Metro-served. With a focus on placemaking, we drive synergies across the portfolio and create amenity-rich, walkable neighborhoods. JBG SMITH’s future development pipeline includes over 18 million square feet of potential development density. For additional information on JBG SMITH please visit www.jbgsmith.com.
