Your assignment is to prepare and submit a paper on real estate development research project: tysons corner center. It’s the largest shopping mall in any metropolitan region with a retail floor area exceeding 28 million square feet of floor area. There are 300 plus stores with three-floor levels in the old structure while a new swankier mall called Tyson’s Galleria was opened in 1988 a few yards across the old one. The commercial and economic significance of the project outweighs some other less important considerations like the impact on property prices in the area. Right now there are about 45 million square feet of floor area – approximately 28 million sq. ft. of office space, 6 million sq. ft. of retail space, 2.2 million sq. ft. of hotel space, 1 million sq. ft .of industrial space and over 9 million sq. ft. of residential (Source: www.sullydistrict.org). The combined total number of jobs created by the two of Tyson’s projects is 116,000 while there are 17,000 residents. The proposed expansion plan for TCC includes extensive interstate rail networks and airports.


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