Transactions - MAY 16, 2017

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Clemente Development Co. proposes $1.3b mixed-use project

by Andrea Waitrovich

Clemente Development Co. has submitted design plans to Fairfax County for a $1.3 billion, mixed-use project at Tysons Corner in Northern Virginia.

The project would be called The View at Tysons.

The firm is proposing a 2.8-million-square-foot development of five buildings, which will include 529,673 square feet of office, 111,793 square feet of retail, 786 apartments, 320 high-end luxury condominiums, a 330-room hotel, and a 300-seat, 24,834-square-foot performing arts center.

Clemente Development has plans to buy the 7.4 acres from the Cherner family.

Northern Virginia continues to see a boom in development.

In May the Fairfax County Board of Supervisors approved changes to a future office building next to the Greensboro Metro station to raise its stature by 65 feet or up to 27 stories. The 400,000 square-foot office is one of the six buildings that make up the Tysons Central development. Originally approved in 2013, the overall project will brin

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