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Home News Industries Commercial Real Estate Another major development plan approved for Tysons Corner

Another major development plan approved for Tysons Corner

Published February 17, 2013 by Paula C. Squires

The McLean Patch reports that the Fairfax County Board of Supervisors has approved another major development in Tysons Corner – the third one in five months.
The 17-acre project is the final piece of a three-part plan by the McLean-based Georgelas Group that would bring dramatic changes to the area around Route 7 and Spring Hill Road.

The first two parts of Georgelas’ plan won county approval in September 2011. They call for five residential/retail buildings around the Tysons West metro station.
The third piece will include seven high rises — of at least two office buildings, three multi-family apartment buildings and a hotel with ground floor retail — at Tyco Road.  The apartments would house about 2,000 residential units.

All of the buildings will be located within a few minutes walk to transit that could take residents to the Spring Hill Metro station, which will be within a quarter of a mile of the development.

Altogether, the Georgelas plan will make up 3.8 million square feet of a planned 7.6 million square feet of office, residential, retail and hotel space across three different neighborhoods. About 20 percent of the units will be affordable workforce housing

This is the third significant development project to gain the board’s approval since September 2012.  That month the supervisors approved Capital One Financial Inc.’s 4.4 million square-foot headquarters expansion. Capital One could break ground as early as mid 2013 on a 26-story office tower. In November , the supervisors passed CityLine Partners’ Arbor Row, about 2.6 million square feet of mixed-use development.

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