Capital Improvements

By Bob Andelman

Retail Traffic Magazine

Apr 1, 2007 12:00 PM

Washington D.C. and Richmond are most famously paired as the two national capitals during the Civil War. Today, the cities have a new bond. Each has undergone a resurgence in the past decade, drawing new jobs and residences. And now retail developers are reaping the rewards.

A main beneficiary in both cases is the state of Virginia. In the north, Alexandria and Arlington are on the cutting edge of a growth wave that has swept across Northern Virginia, one of the wealthiest pockets in the entire country. In the south, Richmond — once known as the murder capital of the country — is now seeing glistening lifestyle centers and mixed-use projects pop up downtown and in its own modest suburbs.

Click HERE to keep reading!