Foulger-Pratt Adds Office, Shrinks Retail Component Of Tysons Central Plan
The new plans increase the amount of office space from 320K SF to 365K SF while cutting the retail from 62K SF to 32K SF, the Washington Business Journal reports.
The office building is part of a planned 1.5M SF development that would also include 1,100 residential units. The site is next to where The Meridian Group and Kettler are currently developing the 1.7M SF Phase 1 of The Boro, anchored by a 70K SF Whole Foods. Meridian has already signed a 60K SF pre-lease for the office component of that development, but Foulger-Pratt is still waiting to sign an anchor for Tysons Central.
Managing principal Bryant Foulger told Bisnow in February he still hopes to sign an anchor tenant before breaking ground, but has not ruled out building on spec.
"We, like others, are out there looking for a lead tenant," Foulger said. "We're still in conversations about what it would take for us to break ground. It may be that we break ground speculatively, it depends where the market is and where the momentum is."