Vornado shelves major Arlington projects as it prepares to exit Washington market

February 24, 2017   |  Washington Business Journal

Vornado Realty Trust's plan to add 933 units and retail to its RiverHouse apartments in Pentagon City has been shelved, joining a growing list of recently proposed projects the developer will no longer pursue as it prepares to exit the Washington market.

Vornado (NYSE: VNO) submitted a preliminary plan in September to build three six-story buildings on a surface lot at the half-century old RiverHouse complex — roughly six weeks before the Oct. 31 announcement that The JBG Cos. would merge with Vornado's Washington business to become JBG Smith Properties.

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