October has been a busy month of preparation for a 322,000-square-foot, build-to-suite project for The Boeing Co., which is consolidating its operations in Arlington County. Washington, D.C.-based Developer Monument Realty closed a $116.5 million construction loan and received approval from the Arlington County Board for a major site plan amendment that will allow construction to go forward.
Boeing, the world’s biggest aerospace company, is bringing together all of its Arlington operations at a 4.7-acre site along Old Jefferson Davis Highway in the Crystal City neighborhood. General contractor James G. Davis Construction Corp. will begin work on the project Nov. 21. It’s scheduled for completion in October 2013, at which time Boeing will purchase the property.
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