• Type

    Mixed-Use, Office

  • Fund

    Pre-fund

  • Address

    3550 South Clark Street
    Arlington, VA 22202

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National Gateway

Arlington, VA

Property Overview

In September 2004, Meridian acquired the Potomac Yard development site, a prime 15-acre plot located in immediate proximity to Reagan National Airport in Arlington, VA that was initially entitled for 2.9 million square feet of office.

Meridian rezoned two office sites totaling 450,000 square feet to residential, added retail and designed all the buildings, in order to obtain site plan approval before selling and recapitalizing several parcels. In September 2006, Meridian sold two parcels comprising over one million square feet of land entitled for office (E-West and C-West) to a third party, which subsequently entered into a joint venture with Meridian to develop over one million square feet of office and retail space at E-West and C-West. Meridian sold a 625-room hotel site in January 2007 and a 692-unit multi-family site in May 2007.

Meridian retained the final office development parcel, C-East, and completed development at E-West on a two building office complex totaling 446,000 rentable square feet and a 45,000 square foot LA Fitness health club.