News and notes from Reston (tm).

Thursday, October 11, 2018

Parallelograms Gettin' STUFFED: Google, CVS Coming to Reston Station in Hot Commercial Real Estate Action

V. v. exciting news for fans of transit-oriented development and glass parallelograms: After sitting all but vacant for more than a year, Google is reportedly in talks to become a tenant of the Helmut Jahn designed, neon bedecked parallelogram at Reston Station. Google "woonerf," y'all, because our favorite earth-toned community is on fire!

Give us some good commercial leasing blockquote, BFFs at Washington Business Journal:

The Mountain View, California-based company is in talks to lease about 100,000 square feet from Comstock Cos. at 1900 Reston Metro Plaza, a trophy, 365,000-square-foot office building designed by architect Helmut Jahn. It is not clear what the company has in mind for the space or how close it is to an executed lease.


The deal would be a significant coup for Comstock, which delivered the 16-story 1900 Reston Metro Plaza more than a year ago but has scored only one office lease, with coworking space provider Spaces. The developer was said to have been in contention for at least two major prospects, Leidos Holdings Inc. and Nestle's U.S. headquarters, but both ultimately landed elsewhere in Northern Virginia.

Guess that totally metal viral advertising campaign worked after all.

It's unusual for office towers of this scope to be built on spec, but it's also pretty unusual to have two major anchor tenants casting about for space at the same time, so maybe the decision to move forward with building the long boi office building currently going up next to the parallelogram makes sense after all.

Speaking of which, that building, slated to open in 2020, has announced its first retail tenant: faux urban-curious CVS, which also has a location at Reston Town Center. Give us some exciting press release-generated blockquote, BFFs at Reston Now:

Christopher Clemente, CEO of Comstock Holding Companies, Inc., said the tenant, which signed a twenty-year lease with three five-year options, will bring “virtually every item one needs for daily living” to residents, tenants, and commuters in the area.
Since CVS has been in the news of late for its absurdly long receipts, perhaps the company wanted a space near the walkway to the Metro station so their patrons can unroll their receipts to look for that one elusive 50-cent off coupon for their next purchase of off-brand Q-tips, the end.

1 comment:

  1. Wait wait wait. I'm confused. The vowel-laden Reston Metro Plaza? Wouldn't the VY or BLVD be a better fit for CVS?

    Jst wndrng.

    ReplyDelete

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