Not much more than a stone's throw from the Lincoln Memorial in Washington is a barren, 11½-acre tract on the Potomac on which stand only two empty gas storage tanks. Last week a New York building syndicate announced that it plans to build there a $70 to $80 million Rockefeller Center-like development, with six office buildings, a shopping center, raised plaza and skating rink, 1,003-room hotel, 2,000-car underground garage and two apartment buildings.
The man behind Potomac Parkway Plaza is George Preston Marshall, laundryman and owner of the Washington Redskins football team. For...