CHEVY CHASE, MD— The JBG Companies, Trizec Properties Inc. and CIM Group have begun construction on Waterview, a one-million-square-foot mixed-use development in Rosslyn, VA. Located on a high-profile 2.16 acre site at the foot of the Key Bridge in the Rosslyn submarket of Arlington, VA, Waterview will be comprised of two 300-foot high towers designed by the architectural firm of Pei, Cobb Freed and Partners. The 24-story, 633,000 square foot office building has been leased by The Corporate Executive Board. Another 29-story tower will feature 136 condominium residences and a 155-room Palomar Hotel, managed by the Kimpton Group. The buildings will be joined by a terrace at the fourth-floor level that will be home to a destination restaurant offering sweeping views of the Potomac River and the Nations Capital. Construction is anticipated to be completed in August 2007.
