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KMG Seeks Tysons Site for Proposed $250M MXU Development
Keyserling Management Group, LLC (KMG), led by Managing Member Joseph Michael, has retained SVN | Providence Realty Advisors to identify and evaluate existing buildings and development sites in Tysons, Virginia, for a proposed mixed-use development combining hospitality, residential, commercial, cultural, and educational facilities.
The preliminary concept encompasses approximately 450,000 square feet, including 165 hotel suites, up to 200 apartment residences, offices, retail, dining, a public atrium, chapel theatre, landscaped park, and cultural institute. The estimated development costs range from $200 million to $250 million.
“We envision the cultural institute as an active part of everyday life, with the atrium functioning as a public square for leisure, work, and cultural exchange,” said Michael. “Exhibitions and performances would bring together residents, hotel guests, researchers, and visitors.” KMG selected Tysons as its initial search area because of its proximity to Washington, D.C., four Metro Silver Line stations, and concentration of corporate headquarters, technology companies, and professional services.
