- Gross Cost: PH I: 164.5M
- Completion Date: PH I: 2019
Pentagon Centre is a multi-phase mixed-use redevelopment of an existing 329,000-square-foot retail center located directly above the Pentagon City Metro Station, just a short walk across the street from Amazon’s planned National Landing headquarters and in close proximity to The Pentagon, Downtown DC, and Reagan National Airport. Phase I of the center’s redevelopment, includes The Witmer, a 26-story residential tower with 440 luxury apartment units and 7,000 square feet of retail on the ground floor. The Witmer achieved stabilization in Q4 of 2019, reaching 95% occupancy in just six months of leasing. Phase II will include an additional 11-story residential tower with 253 units along with approximately 16,000 square feet of new retail. Beyond Phase II, Kimco has also secured entitlements for future phases which would result in a fully developed site to include 346,000 square feet of retail; 705,000 square feet of office space; and a 200-room hotel in addition to the 693 residential units, which would combine to bring the total project size to nearly two million square feet.