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(NYSE: VNO) can now move forward with its massive transformatiobn ofthe 30-year-old Springfield Mall. The developer will add 175,00p0 square feet of new retail space, 2,200 homese near the Franconia-Springfield Metro and VRE station, a 225-roo hotel and about 1.1 millioj square feet of new office space tothe 80-acr site. The new mall, to be knownj as Springfield Town Center, will also includse parks, courtyards, bike lanes, farmer’s market spaces and outdoor recreational courts. Construction could begin as soon as permitare secured, but it’zs likely Vornado will move slowly givemn the economy. It is expected to take 10 to 15 yearse to completethe redevelopment.
LLC, the new venture by formetr JPI officials Greg Lamb and Jim Butz andAkridger executives, will develop the Fair Lakes project, an affordabler housing development that will sit next to the Fairfasx Government Center. The county will hand over 9 acresof county-owned land to the developef for 270 moderately-priced units known as The Residences at the Government But some criticized the deal, saying the rentapl income limits, which range from $50,000 a year to $100,000 a were too high and, therefore, not consistent with the board’ds mission to offer affordable housing to the poor and No timetable for construction of the apartments was
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