The sentiment on Tysons from one of the largest insurers and financial services firms in the country is caution.  Northwestern Mutual’s Peter Jahn told RPN that effective rents in Tysons for the projects Northwestern has helped finance are not as high as had been projected. Those rents don’t “justify high-rise construction, but we’re seeing high rise construction,” he said. Ultimately, he says Tysons has a long-term future, because the ratio of residences to jobs is very low, “but there will be pain getting there.” Jahn expects a similar pattern to play out in Capitol Riverfront, near the baseball stadium. “It will absorb, but pro formas will be stressed.”

Pictured above (left to right): Brian Ball, Jr., Brian Ball, Peter Jahn and Bob Gage.