Major changes are on the horizon for Tysons Corner Center — the largest shopping mall in the Washington, D.C., area.
In a May presentation to investors, California-based real estate investment trust Macerich, the owner of the 1.8 million-square-foot mall in Fairfax County, announced plans for a “strategic redevelopment” of the mall to drive net operating income growth. The company calls for “reimagining the shopper experience” at the west end of the mall, from the Bloomingdale’s to the Macy’s, into “a vibrant and walkable retail, dining and entertainment district, anchored by upscale dining and a luxury market.”
Macerich says it is in the process of investing $100 million in enhancements to the mall, including $66 million in retailer investments for store upgrades and new designs, including a redesigned Apple store. Apple’s first retail store completed a relocation and expansion at Tysons Corner Center in 2023.
In addition to the retailer investments, Macerich says it is adding $45 million in mall improvements.
Click here to read the rest of the article written by Josh Janney over at Virginia Business
