CEB Tower will be the tallest building in Arlington — and the entire state. Local and state officials gathered at the site of the future tower, at the corner of Wilson Blvd, N. Moore and N.Lynn Streets, this morning to break ground on the latest feather in the cap of Rosslyn’s redevelopment.
Gov. Terry McAuliffe, Rep. Jim Moran and Arlington County Board Chair Jay Fisette spoke before hundreds of Corporate Executive Board Company employees on hand to celebrate the company’s future headquarters.
CEB Tower is the office component to developer JBG Companies’ Central Place development, which will include a 390-foot residential building under construction now.
For anchoring JBG Companies’ Central Place office tower, the management advisory company received a $4.5 million grant from the Governor’s Opportunity Fund, $5 million from the Virginia Economic Development Incentive Grant and matching infrastructure improvements from Arlington County.
“We are all in,” McAuliffe told the crowd. “This corporate partnership is of the utmost importance to the Commonwealth. We have been on a roll since I’ve been governor, with 68,000 new jobs since I took office.”
CEB plans to occupy 15 floors and 350,00 square feet of the 390-foot-tall office tower, moving from its headquarters since 2008 in the Waterview building at 1919 N. Lynn St. The move, according to the company, will allow CEB to add 800 new jobs at an average annual salary of $120,000, on top of their roughly 1,200 employees already working in the area.
“We look forward to seeing CEB Tower rise above the Rosslyn skyline for years to come,” CEB Chairman and CEO Tim Monahan said. “We look forward to a strong partnership in Rosslyn, Arlington and Virginia to make this a global center of commerce.”
Fisette remarked that the building was another signifier of Rosslyn’s burgeoning redevelopment, and boasted of the recent influx of rankings Arlington has received in terms of its livability and its millennial population.
“Nothing is stagnant about Arlington,” Fisette said. “If you don’t know what’s going on in Arlington, you don’t know the future of our nation.”
Moran repeated a comment he made earlier this year, at the groundbreaking of Central Place’s residential skyscraper, about how Rosslyn was “just pawn shops and prostitutes” when he first visited 50 years ago. And he ruefully quoted polarizing comments about the county that Sen. Kirsten Gillibrand’s (D-N.Y.) made in her new memoir.
“Some might even say that Rosslyn was ‘soulless,’” Moran said. “Arlington is anything but soulless, and Rosslyn is developing in a way that would make anyone proud.”
The residential building is expected to open in 2017 and CEB Tower is slated to be complete in 2018. Construction has already ensnared rush hour traffic in the area and closed the CentralPlaza outdoor eating space.