There’s a new development that’s aiming to replace the Washington Monument as the tallest building in the Washington, D. C. area.

A group headed by Clemente Development Company and a Saudi partner is acquiring land in northern Virginia to build a 2.8-million-square-foot mixed-use project called The View at Tysons.

As part of its plans, the team has proposed a 48-story tower that would be 615 feet tall, making it 60 feet higher than the 555-foot-high Washington Monument on the National Mall.

Gensler is the designer of the tower, which will contain two levels of retail space, topped by 13 floors of hotel space and luxury condominiums above that. Other elements of The View at Tysons include two rental apartment buildings, two office towers, a performing arts center and a public plaza.

The land is at the intersection of Leesburg Pike and Tyco Road, near the Spring Hill Metro Station, and the team needs zoning approval before it can begin construction.

When complete, the Tysons tower would be the second tallest building in Virginia, after the Westin Virginia Beach Town Center hotel in Virginia Beach.