- Gross Cost: PH I: $164.5 M
- 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, The Milton, 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.