Top Real Estate Trends for D.C. Area
January 22, 2014 - By: SC&H Group
From massive apartment and condo expansion to the potential growth in Tysons Corner, the Washington D.C. metro region continues to undergo a major transformation.
Even during the decline of the housing market, the D.C. area did not suffer as much as other areas around the country.
The Washington Post recently compiled its top 10 real estate stories to watch in 2014, which also highlighted the new waterfront plant for Old Town Alexandria, as well as the GSA’s move to cut real estate costs.
However, one of the most significant real estate stories in the region today is the move to make the Tysons Corner skyline mirror any major city in the U.S.
A main driver of this development is the Tysons Corner Comprehensive Plan Amendment, which aims to transform the region into a walkable, green urban center that will be home to 100,000 residents and 200,000 jobs.
On January 29, SC&H Group will be hosting a unique panel of real estate trendsetters from industry and government who will discuss key market-making developments in Tysons Corner that will bring this vision to life.
The event will highlight insights from panelists from both commercial and government including:
- Bill Hard, Principal and Executive Vice President with LCOR
- Cory Scott, Assistant Vice President with Macerich
- Catherine Lewis, Branch Chief in the Zoning Evaluation Division at the Fairfax County Department of Planning and Zoning
Both LCOR and Macerich are developing mega-projects that are shaping this new landscape, and attendees will hear about the challenges they have successfully overcome.
“Tysons Corner has all of the key ingredients for successful transformation: critical mass of commercial and retail space, accessibility by both mass transit and car, and a comprehensive plan that emphasizes connectivity, mixed use and public benefits,” said Hard, in a recent press release. “I look forward to discussing new planning and zoning strategies around this new shift and how one of our key projects will help shape this new landscape.”
In the meantime, click here to register for the event.