In September 2004, TMG acquired the Potomac Yard development site, a prime 15-acre plot located in immediate proximity to Reagan National Airport in Arlington, VA, initially entitled for 2.9 million square feet of office. TMG rezoned two sites totaling 450,000 square feet from office to residential, added retail, and designed all buildings in order to obtain site plan approval before selling and recapitalizing several parcels. In September 2006, TMG 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 TMG to develop over one million square feet of office and retail space at E-West and C-West. TMG sold a 625-room hotel site in January 2007 and a 692-unit multifamily site in May 2007. Retaining the final office development parcel, C-East, TMG 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.
3550 South Clark Street
Arlington, VA 22202