Local developer JBG Cos. plans to begin building a 31-story, 355-foot residential tower in Rosslyn next month, creating what will be the tallest apartment building in the Washington area.

Located between North Lynn and North Moore streets adjacent to the Rosslyn Metro station, the project, called Central Place, should afford some choice views of the Potomac River and downtown Washington from the top floors. It will be accompanied by a 15,000-square-foot public plaza with outdoor cafés and three high-speed elevators connecting down to the Metro station. Across the plaza JBG is planning an ever taller, 390-foot office building.

A rendering of Central Place, in Rosslyn. (Courtesy JBG Cos.)

JBG, based in Chevy Chase, said Tuesday that it was ready to begin construction in March after saying it had landed a major investment from the State Teachers Retirement System of Ohio, one of the largest public pension funds in the country.

Central Place will be the tallest building ever constructed by JBG and the tallest residential building in the Washington region, four stories higher than the Turnberry Tower condominium building nearby. It is about a block away from the region’s tallest office building at 1812 North Moore Street, which was completed late last year and is 390 feet high.

Andrew VanHorn, a JBG senior vice president, said in a statement that the company was “very pleased to be partnering with a very well-respected institutional investor in STRS Ohio.” The company declined to provide details of the transaction. JBG had planned to build the Central Place office building first but switched plans more than a year ago when banks tightened on lending. 

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