Springfield Mall/Town Center To Begin Renovations in July?

That post title comes with a question mark because we have been promised the renovation since the mall was purchased six years ago. According to reports from tenants who received their lease-required 120-day notice on Monday, the Springfield Mall—with the exception of the anchor stores Target, Macy’s and JC Penney—will be gutted in July and […]

FHA Fees To Increase April 1

The US Department of Housing and Urban Development (HUD) announced Monday that the cost of mortgage insurance for Federal Housing Administration (FHA)-guaranteed mortgages will increase on April 1, and again on June 1, 2012. The increase is necessary to protect the FHA’s mandated reserves, and, potentially, encourage the return of private capital to the national […]

Kingstowne Wegmans Anticipates Spring 2014 Opening

L.F. Jennings, a Falls Church and Richmond-based general contractor, has started work on the first phase of the 370,000-square-foot Hilltop Village Center in Alexandria. The 33-acre Hilltop site at the intersection of Telegraph Road and Beulah Street has a 100-year history. Originally a chicken farm, it was later used as a quarry, a landfill and […]