U.S. Markets close in 53 mins

LCOR plans more multifamily in Crystal City

Daniel J. Sernovitz
American City Business Journals
LCOR plans more multifamily in Crystal City

LCOR Inc. hopes to submit plans to Arlington County next month to develop a multifamily-over-retail project on part of the Verizon site in Crystal City after quietly acquiring the nearly 40,000-square-foot property over the summer. The suburban Philadelphia based developer wants to build around 280 units and up to 20,000 square feet of retail on what is now a surface lot at 400 11th St. S, excluding the Verizon switchgear facility that will remain. LCOR acquired the parcel from Verizon Communications Inc. in July for $9.5 million, according to county land records.