Macerich opens phase one of Tysons Corner expansion

Along with partner Alaska Permanent Fund, Macerich (MAC -2.1%) is looking to transform the mall into an "innovative, connected community," and the first phase includes the 22-story Tysons Tower office building, signature outdoor Plaza, and a new mall entrance connecting the mall with the new development.

Remaining to be completed are a 300-room Hyatt Regency Hotel and a 430-unit residential tower. Both are scheduled to open in Q1.

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