Crystal City Apartment Redevelopment Project
Sector: Residential • Location: Arlington, Virginia, United States
Source: The Business Journals
JBG Smith Properties planned to redevelop a pair of demolished office and retail buildings in Crystal City with more than 1,400 new apartments. The project involved constructing two 30-story residential-over-retail towers at 223 S. 23rd St. and 2250 Crystal Drive. However, the project has been scrapped due to rising construction costs, high interest rates, tariffs, and macroeconomic uncertainty, m
- Status
- Closed
- Sector
- Residential, Commercial
- Location
- Arlington, Virginia, United States of America
- Updated
- 22 Jul 2026
- Source
- The Business Journals
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Project Information
Participants
| Not available for this record. |
Status
Original status | cancelled |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | JBG Smith Properties planned to redevelop a pair of demolished office and retail buildings in Crystal City with more than 1,400 new apartments. The project involved constructing two 30-story residential-over-retail towers at 223 S. 23rd St. and 2250 Crystal Drive. However, the project has been scrapped due to rising construction costs, high interest rates, tariffs, and macroeconomic uncertainty, making the redevelopment infeasible and difficult to finance. |
Original sector | Built Sector |
Location
Country | United States of America (USA) |
State | Virginia |
City | Arlington |
Source
Source | The Business Journals |
URL |
More Details
Record type | Project |
Sector | Residential, Commercial |
Article published date | 2025-09-16 |
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