Malls · Virginia

Fair Oaks Mall

Imported, unreviewedRedevelopedRegreenedReinhabitedRetrofit approvedFairfax County, VA

Approved mixed-use redevelopment (4.8M sq ft) with housing, hotel, and offices; ownership transferred to Olshan in 2024; 3k+ housing units permitted but construction status unknown. · summary, model-written

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Site profile22 elements · what this retrofit is built with · tap a chip for the evidence

Former anchors

Hecht's

This site: Hecht's wikipedia · all sites with this

JCPenney

This site: JCPenney wikipedia · all sites with this

Lord & Taylor

This site: Lord & Taylor wikipedia · all sites with this

Sears

This site: Sears wikipedia · all sites with this

Finance and pipeline

Retrofit in the pipeline

This site: …approved newtypes-extraction · all sites with this

Sold since 2020

This site: 2024 Olshan Properties research-deals · all sites with this

Place

3+ other atlas sites within 10 km

This site: 9 within 10 km computed · all sites with this

30,000+ vehicles a day on an adjacent road

This site: 146,671 on 66 fhwa-hpms · all sites with this

County lost 10%+ of retail establishments since 2012

This site: -10% census-cbp · all sites with this

County typical rent $2,000+

This site: $2,507/mo zillow · all sites with this

Interstate or freeway within 600 m

This site: 66 fhwa-hpms · all sites with this

Scale

1M+ sq ft GLA

This site: 1,557,000 sq ft newtypes-extraction · all sites with this

Strategy

Redeveloped

This site: …an open air addition at the center which includes 2000 housing units, offices, and hotel uses, totaling up to 4.8 million square feet. Plans also call for a… record · all sites with this

Regreened

Reinhabited

New use

Entertainment and sports

This site: …new_use field newtypes-extraction · all sites with this

Hotel

This site: the center which includes 2000 housing units, offices, and hotel uses, totaling up to 4.8 million square feet. Plans also ca newtypes-extraction · all sites with this

Housing

This site: …an open air addition at the center which includes 2000 housing units, offices, and hotel uses, totaling up to 4.8 million newtypes-extraction · all sites with this

Mixed use

This site: …new_use field newtypes-extraction · all sites with this

Office

This site: …r addition at the center which includes 2000 housing units, offices, and hotel uses, totaling up to 4.8 million square feet. Pl newtypes-extraction · all sites with this

Park and open space

This site: …new_use field newtypes-extraction · all sites with this

Retail (continued)

This site: …new_use field newtypes-extraction · all sites with this

All elements and lists · Trends

Now

Status	Retrofit approvednewtypes-extraction reported
Strategy	Redevelopment · Regreening · Reinhabitation, approvedWikipedia no source
New uses	entertainment, hotel, housing, mixed, office, park, retailWikipedia no source
What is there now	an open air addition at the center which includes 2000 housing units, offices, and hotel uses, totaling up to 4.8 million square feet. Plans also call for a central plaza and other urban parks throughout the developmentnewtypes-extraction reported
Redeveloper	Taubmannewtypes-extraction reported

Planning

Zoning change	amendment approval to allow them to construct an open air additionnewtypes-extraction reported
Entitlement year	2021Wikipedia no source

Deals and debt

Date	Event	Price	Parties	Source
2024	Sold	—	Olshan Properties ← Taubman	Wikipedia

Securitised debt and public filers

Filings (2001 to date) that name “Fair Oaks Mall” and “Fairfax County” (7 hits, first 7 sampled, 3 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2004-04-01 (a sample date, not the issuance date); candidate loan vintage 2018 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.

Kind	Filer	Filings	Dates	Forms
CMBS trust (weak)	BBCMS Mortgage Trust 2018-C2	1	2018-12-20 to 2018-12-20	8-K 1
CMBS trust (weak)	Wells Fargo Commercial Mortgage Trust 2018-C46	1	2018-08-28 to 2018-08-28	8-K 1
CMBS trust (weak)	Wells Fargo Commercial Mortgage Trust 2018-C48	1	2018-12-20 to 2018-12-20	8-K 1
CMBS trust (weak)	GE COMMERCIAL MORTGAGE CORP	1	2004-04-01 to 2004-04-01	8-K 1

As reported by the loan servicer

Loan-level data the CMBS trust files monthly on EDGAR (Form ABS-EE, Exhibit 102, Schedule AL), latest filing per trust. Balance is the scheduled balance at the period end; DSCR is on net cash flow from the most recent borrower financials; appraised value is the latest valuation reported, or the one at securitisation. Several trusts for one mall usually means one loan split into pari-passu notes, each trust reporting its piece. Matched on the property name and state in the exhibit, unreviewed.

Trust	Period end	Balance	Maturity	DSCR	Appraised	Occupied	Status
Wells Fargo Commercial Mortgage Trust 2018-C46 ABS-EE 2026-09-29 · filing match: exact	2026-09-11	$17.3M of $20.0M 2018-04-27	2026-11-10	1.38x NOI $15.3M	$545.6M 2018-02-03, at securitisation	90.0%	current Trimont LLC
BBCMS Mortgage Trust 2018-C2 ABS-EE 2026-09-29 · filing match: exact	2026-09-11	$9.5M of $11.0M 2018-04-27	2026-11-10	1.09x NOI $6.2M	$545.6M 2018-02-03, at securitisation	86.0%	current Trimont LLC
Wells Fargo Commercial Mortgage Trust 2018-C48 ABS-EE 2026-09-29 · filing match: exact	2026-09-11	$8.3M of $9.6M 2018-04-27	2026-11-10	1.09x NOI $6.2M	$545.6M 2018-02-03, at securitisation	86.0%	current Trimont LLC

FAIR OAKS MALL (Wells Fargo Commercial Mortgage Trust 2018-C46): built 1980; renovated 2014; 779,949 sq ft NRA; tenants Macy's, H&M Clothing Stores, Express #00505; originator Barclays Bank PLC; Bank of America, N.A.
FAIR OAKS MALL (BBCMS Mortgage Trust 2018-C2): built 1980; renovated 2014; 779,949 sq ft NRA; tenants Macy's, H&M Clothing Stores, Express #00505; originator Barclays Bank PLC/Bank of America, N.A.
FAIR OAKS MALL (Wells Fargo Commercial Mortgage Trust 2018-C48): built 1980; renovated 2014; 779,949 sq ft NRA; tenants Macy's, H&M Clothing Stores, Express #00505; originator Barclays Bank PLC; Bank of America, N.A.

Site context

Housing permits, Fairfax County (VA), 2024	1,829 units in 5+ unit buildings, 0 in 2–4, 1,032 single-family; 2023: 2,042 in 5+Census BPS
Other atlas sites nearby	9 within 10 km, 37 within 25 km: Fair Oaks Business Park (0.3 km); Trinity Centre (6.8 km); Office building at 10340 Democracy Lane (7.3 km); Courthouse Plaza Shopping Center (7.3 km); Makers Point offices (9.1 km)computed
Retail trade in the county, 2025 (BLS QCEW)	49,323 jobs in 2,426 establishments; average annual pay $51,506; employment location quotient 0.79; employment +0.8% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 2022	8,983 jobs; 1,374 in retail trade, 864 in accommodation and food (workplace blocks summed to tract 51059491706)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)	children of low-income (25th percentile) families reached the 53th income percentile as adults; 1.7% incarcerated at the 2010 count (269 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)	not a low-access tract at 1 mile; poverty rate 5.6%; median family income $120,250; 28 SNAP householdsUSDA ERS
Schools	Fairfax County Public Schools (PK-12); 1 public school within 1 mile: Eagle View ElementaryNCES EDGE
Elevation	424 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-2025	780 county-logged events: 386 thunderstorm wind, 246 flood, 103 flash flood, 39 hail; $4,587,000 property damage reported; 2 direct deaths; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 22033, 2026-09	median list price $563,675 (-13.3% on the year); 83 active listings; median 30 days on market; 18% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 2023	2,457 establishments (-10%); 49,386 jobs (-1%)Census CBP
Housing market in the county	typical home value $756,212 (+1% 1 yr, +17% 5 yr); typical rent $2,507/mo (+1% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)	146,671 vehicles a day on 66 (Interstate, 10 lanes); 4,117 trucks; 21 counted segmentsFHWA HPMS

Summary, model-written

Fair Oaks Mall (opened 1980, 1.56M sq ft GLA) is approved for redevelopment into a mixed-use project totaling 4.8M sq ft. Taubman sold ownership to Olshan Properties in 2024. A zoning amendment approved in 2021 allows an open-air addition with 2,000 housing units, offices, hotel, and parks.

Why. The strategy includes redeveloping the site, with housing explicitly noted in the approved plan. A sale to a new developer (Olshan) occurred in 2024, and the project is listed as 'approved' with no construction status specified.

Where it stands. Zoning approved (2021), ownership transferred (2024), and the plan includes 2,000 housing units. Permits show 3,000+ housing units approved in 2023–2024. Traffic data shows high volume (146k ADT) at I-66/US-50 intersection. Retail establishments declined 10% since 2012 (2,730 to 2,457).

For a planner

Adjacent to 9 proposed developments within 10km (mostly offices/business parks)
Permits indicate active housing construction (3k+ units approved in 2023–2024)
No current construction status stated; only 'approved' and 'sale' events noted.

For a developer

Housing is a core component (2,000 units in plan, 3k+ units permitted)
Mixed-use strategy aligns with nearby proposed projects
Retail decline (10% since 2012) not directly tied to redevelopment status.

What we do not know yet

Construction phase unknown (only 'approved' and 'sale' events listed)
No current occupancy or timeline for completion
Zillow data (2026 projections) not verifiable as current market condition.

Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

Skyline Mall, Falls Church, VA · Malls · opened 1977; same strategy: redevelop; also in VA
Springfield Mall, Springfield, VA · Malls · opened 1973; same strategy: reinhabit; also in VA
Georgia-Pacific Center, Atlanta, GA · Office parks · similar GLA (1,300,000 sq ft); opened 1982; same strategy: redevelop, reinhabit
Crossroads Mall, Oklahoma City, OK · Malls · similar GLA (1,175,047 sq ft); opened 1974; same strategy: redevelop, reinhabit

Elsewhere on the web

Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar

Multifamily screen

already in play: under construction, approved, or sold to a developer with housing plans
1,557,000 sq ft GLA (large site)
median rent $2,230
housing in the record

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

History and original facts

Opened	1980newtypes-extraction
Gross leasable area	1,557,000 sq ftnewtypes-extraction reported
Original developer	Taubman Centersnewtypes-extraction reported
Anchors	JCPenney, Sears, Lord & Taylor, Hecht's, Garfinckel's, Woodward & Lothrop
County	Fairfax County
Census division	5 · South Atlantic
Notes	Draft from Wikipedia, model-extracted, unreviewed: Fair Oaks Mall is undergoing a major redevelopment to add 2000 housing units, offices, hotel, and parks, alongside reinhabitation of former anchor spaces for a grocery store and trampoline park.

Not yet recorded: acres, retrofit year. Know it? Tell us.

Background

Fair Oaks Mall is a shopping mall in the Fair Oaks census-designated place (CDP) of unincorporated Fairfax County, Virginia, just northwest of the independent city of Fairfax. It is located at the intersection of Interstate 66 and U.S. Route 50. The mall has a gross leasable area (GLA) of 1,557,000 sq ft (144,700 m2). The mall features two Macy's stores alongside other anchors such as JCPenney, Dick's Sporting Goods, and Dave & Buster's. Two anchors are under development: a grocery store called Fresh World and a Sky Zone trampoline park.

Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.

Timeline

1980 Mall opened
1980 Opened
2021 Amendment approval for mixed-use addition
2024 Ownership change
2025 Fresh World plans to purchase former Lord & Taylor space
2026 Sky Zone plans to open in former Sears anchor space

Sources

Fair Oaks Mall · CC BY-SA 4.0
6 quoted sentences
Fair Oaks Mall
Fair Oaks Mall officially opened on July 31, 1980.
In March 2021, it was announced that in anticipation for the proposed Orange Line extension as well as the planned transit hub in the vicinity, that Taubman, the mall development firm, has won amendment approval to allow them to construct an open air addition at the center which includes 2000 housin
On April 11, 2024, Olshan Properties took ownership of the mall from Taubman, securing long-term loan extension.

Cite

Retrofit Atlas (2026). "Fair Oaks Mall, Fairfax County, VA." Record n-35cdae9830, imported, unreviewed. Built on the public Retrofitting Suburbia map (Dunham-Jones and Williamson) and the sources listed. https://retrofitatlas.org/malls/va/fairfax-county-fair-oaks-mall/ (accessed 2026-10-20).

BibTeX

@misc{retrofitatlas_fairfaxcountyfairoaksmall,
  title = {Fair Oaks Mall, Fairfax County, VA},
  author = {{Retrofit Atlas}},
  howpublished = {\url{https://retrofitatlas.org/malls/va/fairfax-county-fair-oaks-mall/}},
  year = {2026},
  note = {Record n-35cdae9830, release 2026-10-20, tier: draft. Built on the Retrofitting Suburbia map (Dunham-Jones and Williamson) and the sources listed on the record. Accessed 2026-10-20}
}

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