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Northern Virginia's New Downtown?

Posted by: Abhijeet Chavan
Thanks to: David Garber
5 February 2005 - 5:00am

The owners of Tysons Corner Center, already the region's largest mall, are developing a plan that would double its size and move toward transforming the iconic suburban shopping destination into something like a small city.

The owners of Tysons Corner Center, already the region's largest mall, are developing a plan that would double its size and move toward transforming the iconic suburban shopping destination into something like a small city.According to documents presented to Fairfax County planning leaders last week, the mall would be ringed by office, residential and hotel mid-rises, essentially increasing the amount of floor space on the property to more than 5 million square feet, or more than twice as much as in the Empire State Building.

Full Story: Rebirth at Tyson's Corner
Source: The Washington Post, February 4, 2005
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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