Firm Shareholder Andrew Painter recently moderated a panel discussion at the NAIOP Northern Virginia event, “Regional Development in the Future – What You Need to Know.” The event focused on the evolving landscape of commercial and residential real estate in Northern Virginia, bringing together key leaders to explore the opportunities and challenges ahead.

The panel featured regional leaders including Terry Clower, Director of the Center for Regional Analysis at George Mason University; Amy Friedlander, Director of Acquisitions at EYA; Stephanie Landrum, President & CEO of the Alexandria Economic Development Partnership; Dalia Palchik, Providence District Supervisor, Fairfax County; and Jason Stanford, President of the Northern Virginia Transportation Alliance.

The panel covered key topics ranging across transportation, housing, the shifts in the office market, and the changing dynamics of retail destinations. The discussion underscored the impact of the pandemic and online shopping on commercial spaces, highlighting the need for adaptive reuse of obsolete and under-utilized properties. With the demand for residential real estate outpacing supply, the panelists examined how the region can address these challenges to ensure a robust and diversified economy.

The event provided valuable insights into the future of development in Northern Virginia, emphasizing the importance of forward-thinking projects that meet the demands of both commercial and residential sectors over the next decade and beyond. As our region stands at a crossroads, such discussions are vital to shaping a vibrant and sustainable economic future.

The firm is proud to have been represented in this important dialogue and we look forward to continuing to contribute to the region’s growth and success.