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Hello Amazon, So Long Crystal City: Builder Sees Old Name Fading
Amazon will pay JBG Smith $294 million to buy two plots of land next to the Pentagon, on which the real estate investment trust will develop seven or eight new office buildings, Kelly said. The tech firm will also rent about 500,000 square feet in three existing properties, though it will probably leave some of that space once the new offices are built, Kelly said. JBG Smith expects to spend about $90 million on renovating two of the leased buildings. No tenants will be forced out as a result of Amazon moving in.

Crystal City and Pentagon City

Diversity is the key to economic and political evolution.

by Cat on Wed Nov 14th, 2018 at 10:43:41 PM EST
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