Newsletter

Report: Land Purchases Finalized for The View Development in Tysons

Construction on a development with a 600-foot-tall tower can start now that land purchases have been finalized near the Spring Hill Metro station.

The Washington Business Journal reported today (Thursday) that Tysons Development LLC, which is made up of Clemente Development Company and Saudi Arabian businessman Khaled Juffali, bought three properties around the Spring Hill Metro station in early February, per county records.

“The developers acquired the land, currently home to a series of car dealerships and auto shops, from the Cherner Family for a total price of about $123 million, according to the records,” The Washington Business Journal reported.

“The joint venture previously closed on the purchase of another piece of land along Leesburg Pike accounting for roughly a quarter of the total View property in February 2018. BP Realty sold about 1.3 acres for $26 million,” according to the news story.

Fairfax County’s Board of Supervisors approved The View in October.

Clemente’s project will add six buildings, including the “Iconic Tower,” which will reach higher than Capital One’s headquarters. The View also plans to include a black box theater, art walk and open-air theater.

Image via Fairfax County 

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