{"id":1004207036,"date":"2018-02-15T02:17:36","date_gmt":"2018-02-15T10:17:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207036"},"modified":"2022-12-08T14:06:19","modified_gmt":"2022-12-08T22:06:19","slug":"jv-buys-26m-land-for-dc-area-mixed-use-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/","title":{"rendered":"JV Buys $26M Land for DC-Area Mixed-Use Project"},"content":{"rendered":"

By Beata Lorincz<\/p>\n

Tysons Development LLC, a joint partnership of Clemente Development and an international capital partner, has purchased a 1.8-acre parcel at 8590 Leesburg Pike in Tysons, Va. The site will accommodate Phase 1 of The View, a large-scale mixed-use development to be located on the eastern outskirts of Washington, D.C. According to public records, BP Realty LP disposed of the land for $26 million.<\/p>\n

The View at 1576 Spring Hill Road is located in Tysons\u2019 Arts and Entertainment District and will comprise 3 million square feet. The development will include a performing arts center, retail amenities, hotel, luxury condominiums and office space. The property will also provide direct access to the Spring Hill Metro Station, enabling easy access to Arlington and Washington, D.C. through the Silver Line.<\/p>\n

Transwestern\u2019s Mid-Atlantic Capital Markets Group, led by Executive Managing Director Gerry Trainor, brokered the transaction on behalf of the seller.<\/p>\n

\u201cThe View will be another piece of the puzzle turning Tysons into a walkable, green, 24\/7 new city in accordance with Fairfax County\u2019s goals and objectives laid out in the Tysons Comprehensive Plan,\u201d<\/em> said Trainor in prepared remarks.<\/p>\n

The Meridian Group is also developing an $825 million\u00a0mixed-use project\u00a0in Tysons<\/a>.\u00a0Marketed as The Boro, the property will include a 437,00-square-foot trophy office building, co-developed with\u00a0Rockefeller Group.<\/p>\n

Images courtesy of Transwestern and\u00a0Clemente Development<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 1.8-acre parcel is part of The View, a 3-million-square-foot mixed-use development located in the Arts and Entertainment District of Tysons, Va., next to the Spring Hill Metro Station.<\/p>\n","protected":false},"author":739,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,11,21752,21742,1615],"tags":[33695,33313],"class_list":["post-1004207036","post","type-post","status-publish","format-standard","hentry","category-development","category-investment","category-midatlantic","category-mixed-use","category-latest","category-washington-dc","tag-gerry-trainor","tag-transwestern"],"acf":[],"yoast_head":"\nJV Buys $26M Land for DC-Area Mixed-Use Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Buys $26M Land for DC-Area Mixed-Use Project\" \/>\n<meta property=\"og:description\" content=\"The 1.8-acre parcel is part of The View, a 3-million-square-foot mixed-use development located in the Arts and Entertainment District of Tysons, Va., next to the Spring Hill Metro Station.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-15T10:17:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:06:19+00:00\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/\",\"name\":\"JV Buys $26M Land for DC-Area Mixed-Use Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"datePublished\":\"2018-02-15T10:17:36+00:00\",\"dateModified\":\"2022-12-08T22:06:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-26m-land-for-dc-area-mixed-use-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV Buys $26M Land for DC-Area Mixed-Use Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. 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