Leasing Underway At Valen Mixed-Use Tower At National Landing

Press Release: JBG Smith

BETHESDA, Md. (July 9, 2025) -- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market has commenced leasing at Valen located at 2050 South Bell Street in the heart of National Landing. This striking new mixed-use tower brings 355 rental apartments, world-class amenities and approximately 15,000 square feet of street-level retail to the neighborhood.

“Valen represents the next step in National Landing's ongoing transformation into a vibrant, 24/7 urban destination,” said Michelle Tierce, Executive Vice President of Asset Management at JBG SMITH. “With its distinctive glass facade and sophisticated design, Valen further redefines the National Landing skyline while providing residents with unparalleled views and luxury living spaces. We're excited to welcome residents to Valen, where distinctive, elevated living meets the dynamic energy of National Landing.”

Valen offers a range of thoughtfully designed residences ranging from one to three-bedroom layouts. The property boasts an impressive collection of amenities, including a stunning rooftop pool and lounge with unobstructed views, a state-of-the-art fitness center, 24-hour concierge service, spacious co-working facilities, community gathering spaces, and a premium pet spa with grooming station. In-garage bike parking and electric vehicle charging stations are also available to residents.

Designed by global architecture firm KPF, the sleek 25-story glass tower features floor-to-ceiling windows that maximize natural light and offer panoramic views of the Washington DC skyline, National Landing, and the Potomac River. Valen is targeting LEED Gold certification.

Valen's prime location places residents just steps from numerous conveniences, including JBG SMITH's dining and retail corridor along Crystal Drive including Water Park, the Crystal City Metro station featuring a new entrance at 18th Street and Crystal Drive, a planned Virginia Railway Express (VRE) regional rail connection, and the upcoming pedestrian bridge linking National Landing directly to Ronald Reagan Washington National Airport. The building is positioned to benefit from the planned redesign of Route 1, which will include at-grade portions with pedestrian-friendly features and wide sidewalks to enhance walkability throughout the neighborhood.

Valen's adjacent sister property, The Zoe, at 2051 South Bell Street, opened for leasing in December 2024 and complements Valen with its distinctive green brick façade and 420 rental apartments.

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JBG SMITH Living's growing portfolio of new multifamily properties also includes The Grace and Reva, which opened in 2024 and delivered a combined 808 residences in National Landing. The Grace offers elevated apartments, penthouses and highly curated amenities in a building defined by its art deco and mid-century modern inspired design. Reva centers around wellness, curated to create a sense of comfort and sanctuary that helps residents replenish, restore, and feel revitalized in its luxury studios, 1-bedrooms, 2-bedrooms and penthouse apartments.

JBG SMITH’s ongoing placemaking efforts in National Landing have led the charge in creating meaningful places meant to connect communities and enhance the lives of those that live, work, or visit them. In 2023, JBG SMITH welcomed visitors to the reimagined Water Park, a 1.6-acre dining destination comprising 11 different food and drink concepts, and Seven Reasons’ chef Enrique Limardo’s new concept, Surreal, set among more than an acre of greenery.

About JBG SMITH

JBG SMITH owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, that we believe have long-term growth potential and appeal to residential, office and retail tenants. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, highly amenitized, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's headquarters; Virginia Tech's $1 billion Innovation Campus; proximity to the Pentagon; and our placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 11.9 million square feet at share of multifamily, office and retail assets, 98% of which are Metro-served. It also maintains a development pipeline encompassing 8.9 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.