One of the most well-known names in real estate is diving into the Tysons development wave.
New York-based Rockefeller Group, the builder of Manhattan's Rockefeller Center and a subsidiary of Japan's Mitsubishi Estate Co., is partnering with The Meridian Group for the development of the 20-story Boro Tower.
The 437K SF trophy office building broke ground last summer and is already more than 20% pre-leased. Meridian signed media company Tegna for 60K SF in June 2016 and last month secured a 45K SF lease with law firm Hogan Lovells.
Boro Tower is part of The Boro, a 4.2M SF mixed-use development at Tysons' Greensboro Metro Station. In addition to the office building, The Boro's $825M first phase will feature 700 residential units, which Meridian has partnered with Kettler to build. The development will also have 260K SF of retail anchored by a 69K SF Whole Foods and a 15-screen ShowPlace ICON Theatre.
“The Boro is a transformational project that will create long-term economic and civic value," Rockefeller Group Executive Vice President Daniel Moore said in a release. "We expect Boro Tower to set new standards for quality while enhancing the workplace experience for Class-A office users in the market.”
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