MRP Plans $250M Tyson's Corner Development

TYSONS CORNER, VA-MRP Realty will continue to build out its substantial northern Virginia pipeline. Next up for the prolific firm is a 500,000-sf office tower in Tyson’s Corner with estimated development costs of $250 million, principal Bob Murphy tells GlobeSt.com.

The firm has already acquired the eight acres of land for roughly $50 million. It plans to break ground on the building in Q3 with an expected delivery date of 2010. For the moment, Murphy says, the development is being called Tyson’s Tower. “We are developing it to be a trophy asset, with an all curtain wall and designed to gold LEED standards,” he says. Once the building is complete the company will apply for certification.