JBG Smith has acquired the former Americana Hotel situated directly across the street from Amazon’s future headquarters in National Landing.
The 1.4-acre Americana site in Arlington, Virginia which encompasses a recently decommissioned 102-key hotel and adjacent parking lot, has the potential to accommodate a new multifamily development of more than 500,000 square feet.
“As the largest property owner and most active developer in National Landing, we have long viewed the Americana site as one of the best opportunities for development in the Capital region,” said Ed Chaglassian, Executive Vice President, Head of Acquisitions.
“This location possesses all of the major ingredients for a successful project, including access to excellent public schools and close proximity to major transportation, retail, and employment opportunities. The potential for this development has only grown with the arrival of Amazon’s headquarters and the Virginia Tech Innovation Campus.”