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Old Posted Jun 10, 2006, 9:15 PM
babybackribs2314 babybackribs2314 is offline
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TYSONS CORNER | Development Thread

Although the thread is tailored towards Tysons, I guess highrises in Reston and Fairfax etc. could be included. For starters, Lerner Enterprises has recently released the design of 1775 Tysons Boulevard (18 stories), with construction beginning in summer '07 with completion in '09. 1725 seems to be under pre leasing, but that building has seemed to be stalled for a few years now. Another interesting development is the multitude of high rises proposed around Tysons I. Hopefully we end up with a real, consolidated downtown in a couple decades!

1775 Tysons Boulevard:

18 stories



23 stories

http://tysons2.com/1775.html

1725 Tysons Boulevard



http://tysons2.com/1725.html

Tysons Corner Center

Residential:

25 stories
23 stories
16 stories
15 stories

Total of 1.6 million SF

Commercial:

18 stories
16 stories
8 stories
4 stories

Total of 1.4 million SF

Hotel:

21 stories

240 rooms, 274,000 SF

Retail:

Street level (restaurants and shops incorporated into the mall)

200,000 SF





http://www.tysonsfuture.com/

Park Crest:

http://www.parkcrestliving.com/files/home.htm

19 Story Tower
19 Story Tower
19 Story Tower
19 Story Tower
13 Story Tower
13 Story Tower
8 Story Tower

All residential



Feel free to add more information about these projects and others (which I'm sure there are) around Tysons Corner!

Last edited by babybackribs2314; Jun 13, 2006 at 4:18 AM.
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Old Posted Jun 13, 2006, 4:11 AM
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Park Crest:

http://www.parkcrestliving.com/files/home.htm

Four 19 story towers, all approved with the first due for completion in 2007, as well as two 13 story towers and an 8 story tower.


Last edited by babybackribs2314; Jun 13, 2006 at 4:18 AM.
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Old Posted Jan 25, 2010, 11:47 AM
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Woo-hoo! After 4 years of relatively stale development (besides the Towers Crescent proposal getting built), we have a huge new project to track!




By Kafia A. Hosh
Washington Post Staff Writer
Friday, January 15, 2010

Plans are underway to transform a stretch of office and industrial parks in Tysons Corner into an arts and entertainment district with high-rise corporate and residential buildings, restaurants and boutiques.

The Georgelas Group, a McLean-based developer, is planning the area's first transit-oriented neighborhood tied to one of four Silver Line Metrorail stations being built in Tysons. The proposed development is a 28-acre residential, office and retail complex centered around the Tysons West stop at Leesburg Pike and Spring Hill Road.

"This is a great opportunity for Tysons to transform," said Aaron Georgelas, the project's lead developer. "It's now time for us to grow around this transit system."

The proposal is based on Fairfax County's plan to transform car-focused Tysons, one of the region's most congested job centers, into a network of eight urban neighborhoods, four of which would be designed around the new Metro stations.

The plan is in the county approval process. In the meantime, Fairfax has developed criteria for a demonstration project that could serve as the first example of a transit-oriented community in Tysons.

A demonstration project "helps bring the concepts to life," said Walter L. Alcorn, chairman of the Fairfax Planning Commission's Tysons committee. "We wanted to have a real site with a potential project that we could explore."

The Georgelas Group bested two other area developers to win the contract. Its project covers more than 5 million square feet and is divided into three neighborhoods connected by an urban street grid.

It has 14 buildings, including two hotels and a mix of high-rise residential and office units, with shops and restaurants on the first floors. Courtyards, public parks and other open spaces are scattered throughout as a "green escape" from the urban atmosphere, Georgelas said.

The project would redevelop a mishmash of establishments, such as car dealerships, an industrial office park and Georgelas's headquarters on Greensboro Drive.

Georgelas said the development would add nightlife to an otherwise dull business district. "Tysons shuts down at five o'clock. There's no place to go," he said. "The goal is to create a destination where there currently isn't one."


Georgelas is working with the Metropolitan Washington Airports Authority to build the rail station entrance within the development. A glass-enclosed bridge would connect the entrance to elevated rail platforms on Leesburg Pike.

Construction could begin in mid-2011. When the station opens in 2013, Metro riders would be greeted by the first phase of the project: a kiss-and-ride lane, grassy pavilion and an office building with retail stores and sidewalk cafes.

"You're dropped into the heart of this vibrant experience where you have things to do," Georgelas said.

The rest of the project would be phased in, depending on market demand. Real estate analysts say one thing is certain: Metrorail will help drive demand for development in Tysons, the country's 12th-largest business district.

"It will make the area more accessible, and access drives value," said Gregory H. Leisch, chief executive of Delta Associates, an Alexandria-based real estate research firm.

Tysons is expected to have 200,000 workers and 100,000 residents by 2050. Fairfax officials anticipate that other mixed-use developments will pop up around the Metro stations.

The demonstration project "is reflective of what Tysons is becoming as a whole -- a community in which you can work, shop, play and live," said Gerald L. Gordon, president and chief executive of the Fairfax County Economic Development Authority. "That's something that Tysons Corner has never been before."

http://www.washingtonpost.com/wp-dyn...011404525.html

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Old Posted Jan 25, 2010, 1:49 PM
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The edge city gets its own thread? Wow "nice".
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Old Posted Jan 25, 2010, 4:14 PM
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WestGroup deal to sell Tysons Corner property collapses (Washington Post)

WestGroup deal to sell Tysons Corner property collapses

By Lisa Rein
Washington Post Staff Writer
Friday, January 15, 2010; B10

http://www.washingtonpost.com/wp-dyn...011404132.html

The deal to sell WestGroup's holdings in Tysons Corner to a McLean shopping mall developer is dead because the buyer could not secure financing, the parties said Thursday.

The collapse of one of the biggest real estate sales in the Washington area in recent years leaves the empire built by Gerald T. Halpin in limbo as he approaches 88 and looks to cash out his portfolio.

It's also a reminder that the recession could continue to slow one of the nation's most closely watched redevelopment efforts even as a subway is built through Tysons to Dulles International Airport. WestGroup, the largest landowner in Tysons, had signed a contract six months ago to sell 142 acres to an investment group led by Robert Pence.

"We understand the challenges of closing any transaction of this scope and magnitude," Halpin, the company's chairman and chief executive officer, said in a statement.

WestGroup is now marketing three of its 24 buildings in Tysons -- a total of 500,000 square feet of office space -- as it pursues piecemeal sales of its holdings. Eric Berkman, executive vice president at Grubb & Ellis Co., who is handling the sale, said the property should fetch upward of $100 million.
Another vacant building WestGroup owns near the Freddie Mac headquarters, with 235,000 square feet of office space, is under contract. WestGroup officials said they could not name the buyer until the sale closes.
The company's land in Tysons is a mix of office towers now occupied by corporate giants, including Freddie Mac, Mitre and Northrop Grumman, empty land and older buildings ripe for redevelopment.

Pence, president of Pence-Friedel, had floated plans to build big-box stores and other retail and residential projects modeled after Reston Town Center on the WestGroup property. Halpin was intent on selling to a developer with roots in Fairfax County, WestGroup officials said, and has a long friendship with the Pence family.

But with capital markets jittery about lending money for a transaction estimated by real estate experts at $500 million to $800 million, Pence could not secure financing. He said he hopes to revisit the deal with a smaller purchase.

"We still love the property," Pence said in an interview. "We would hope to be in the position soon to reopen negotiations with the seller for a significant portion of it."

For 47 years, Halpin has been an engine of Tysons Corner's growth into a sprawling suburban office park. He built office towers on what were two dairy farms he bought with a group of partners in 1962. Tysons now draws 100,000 workers.

WestGroup developed two major pieces of Tysons Corner's current landscape: WestPark, about 100 acres outside the Capital Beltway, and WestGate, 44 acres inside. That land sits at one of the four Metro stations under construction in Tysons, Tysons East at Route 123. Much of it will benefit directly from higher densities that Fairfax officials plan for land near the stations.

Despite the economic downturn, Halpin and local officials said they remain confident about opportunities in Tysons, Virginia's largest job center. WestGroup has developed 13 million square feet in the region, most of its in the Washington suburbs.

"Tysons is a good story, and it's capturing more and more attention from global investors," Halpin said. "The responses to our current offering appear to be strong, and that reinforces my belief that the best is yet to come in Tysons."

Berkman said the three buildings the company is marketing would probably be sold to institutional investors. Although they are a half-mile from a Metro station, "this is like having the dream seats to a sporting event," he said. "At some point, they will be ripe for redevelopment."

Sharon Bulova (D), chairman of the Fairfax Board of Supervisors, said the vision of a more urban Tysons "will be realized," no matter who owns the land.
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Old Posted Jan 25, 2010, 6:44 PM
babybackribs2314 babybackribs2314 is offline
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Quote:
Originally Posted by hammersklavier View Post
The edge city gets its own thread? Wow "nice".
Tysons is the 12th largest business district in the country... obviously it's an edge city, but not an "ordinary" one, especially since by 2050 there will be almost 100,000 new residents and 100,000 new jobs (from roughly 20,000 and 100,000 respectively currently). Tysons is by far the DC area's best bet for new 30+ story buildings, and really the only potential place where a 500'+ building could conceivably be built in the region by 2025.

The two office towers in the rendering above look to be in the 350-450' range, btw... obviously no hard figures yet, but those residential towers behind them are 20 floors (roughly 250' I'd guess) and the office towers are significantly taller. Having one 350' tower and one 450' tower there would totally change the Tysons skyline and provide a brand new focal point. Luckily the mall development should also feature some 300'+ office towers; crossing fingers we'll see one over 500'!

Regardless, Tysons only has a few 200'+ buildings right now... maybe 5 or 6? By 2020 there should be 10+ and by 2050, several dozen, making for a totally different city/skyline.
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Old Posted Jan 25, 2010, 7:33 PM
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Regardless, Tysons Corner is almost like King of Prussia or White Plains getting their own threads! If we really want to do threads for edge cities it would clutter up P&C as it is currently organized.
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Old Posted Jan 26, 2010, 12:44 AM
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This area is already red hot! However; once the metro will eventually connect it with every other part of the DC area including Dullus, it will see growth like nobody right now will even be able to imagine. I was there in October and its huge drawback, for now, is the accessability in getting there. Traffic is a nightmare and the train doesn't go through there, yet anyways. However; give it five years, I am sure without a doubt we'll see either a 500 footer or plans for one anyway.
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Old Posted Jan 26, 2010, 1:11 AM
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Originally Posted by hammersklavier View Post
Regardless, Tysons Corner is almost like King of Prussia or White Plains getting their own threads! If we really want to do threads for edge cities it would clutter up P&C as it is currently organized.
Uhh, not really... if Tysons can't have its own thread being the 12th largest business district in the country, then Pittsburgh, Austin, St. Louis, etc should be axed... it dwarfs the aforementioned edge cities and is about to boom big time... and besides, it's not like Washington DC really has a thread here, given the height limit and all.

Quote:
Originally Posted by CHAPINM1 View Post
This area is already red hot! However; once the metro will eventually connect it with every other part of the DC area including Dullus, it will see growth like nobody right now will even be able to imagine. I was there in October and its huge drawback, for now, is the accessability in getting there. Traffic is a nightmare and the train doesn't go through there, yet anyways. However; give it five years, I am sure without a doubt we'll see either a 500 footer or plans for one anyway.
And this is why Tysons has its own thread... the boom over the next decade+ is going to be phenomenal. It won't boom quite like Miami or Vegas, but you're going to see the area begin to become much more dense and as a result... move upwards, very rapidly.

Northern Virginia is the wealthiest region in the country and now that development is getting a true focal point (they really are "establishing" Tysons as the downtown of NoVA), things should begin moving much more quickly.
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Old Posted Jan 26, 2010, 1:22 AM
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Since this page hasn't been updated in a very long time, here's some of the proposed, under construction, and completed projects in the Tyson's Corner area over the past few years.

Tysons Corner Center Redevelopment (approved, awaiting the Silver Line Metro)



Park Crest has one completed tower, and the Lofts at Park Crest.



Tysons West Promenade is in the proposal stage, set to begin once the Tysons West station is in operation.



The Reserve at Tysons is a new apartment community completed in the last few years.

Phase 1



Phase 2



And finally, the Silver Line Metro, which is currently under construction, planned to open in 2013.

Example image of one of the four stations planned for Tyson's Corner:

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Old Posted Jan 26, 2010, 3:44 PM
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Quote:
Originally Posted by babybackribs2314 View Post
Uhh, not really... if Tysons can't have its own thread being the 12th largest business district in the country, then Pittsburgh, Austin, St. Louis, etc should be axed... it dwarfs the aforementioned edge cities and is about to boom big time... and besides, it's not like Washington DC really has a thread here, given the height limit and all.



And this is why Tysons has its own thread... the boom over the next decade+ is going to be phenomenal. It won't boom quite like Miami or Vegas, but you're going to see the area begin to become much more dense and as a result... move upwards, very rapidly.

Northern Virginia is the wealthiest region in the country and now that development is getting a true focal point (they really are "establishing" Tysons as the downtown of NoVA), things should begin moving much more quickly.
I'm all for a Tysons Corner thread, and any others that forumers want to start that are not the traditional core cities.
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Old Posted Jan 26, 2010, 5:41 PM
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Great looking projects! I don't see why Tysons couldn't have its own thread just because its and edge city- Bellevue, an edge city of Seattle, has had its own thread for years now.
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Old Posted Jan 26, 2010, 6:17 PM
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For those of you that live in the area, is the consensus that you still wish Metro was constructed in a subway through Tysons or is everyone satisfied with the elevated plan?
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Old Posted Feb 4, 2010, 6:03 PM
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More Silver Line development

The Restonian blog (http://www.restonian.org/2010/02/wie...rst-major.html) has a posting of the planned development by Comstock Partners ( http://www.comstockcompanies.com/) at the Wiehle Avenue metro station in Reston. The renderings are courtesy of the Restonian blog.



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Old Posted Feb 4, 2010, 6:22 PM
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Quote:
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Great looking projects! I don't see why Tysons couldn't have its own thread just because its and edge city- Bellevue, an edge city of Seattle, has had its own thread for years now.
That's exactly what I was just thinking.
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Old Posted Apr 17, 2010, 2:17 PM
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I really hope Fairfax County plans out Tysons with pedestrians in mind. It seems like the county is moving that way. That area is a nightmare to drive through. I do agree where Tysons and Reston should see a large expansion as the Silver Line nears. I would like to see more of Arlington too
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Old Posted May 21, 2010, 2:21 PM
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Tysons’ Future Density Debated (McLean Connection)

Tysons’ Future Density Debated

Planning Commissioners conduct last meeting before creating Tysons Corner draft plan.

By Mike DiCicco
Wednesday, May 19, 2010

http://www.connectionnewspapers.com/...per=68&cat=104

At its final meeting on Wednesday, May 12, the Tysons Corner Committee of the county Planning Commission prepared to hammer out a draft plan that would set an interim vision for the redevelopment of the world’s largest "edge city" for the year 2030.

Previously, a Tysons Task Force appointed by the county had created a plan that looked well beyond 2050, but Planning Commissioner Walter Alcorn (At-large), chairman of the commission’s Tysons Committee, proposed in March that the "planning horizon" be reduced to two decades from now, an idea that gained some favor among residents and developers alike.


Tysons Corner could be home to another 18 million square feet of office space and thousands more residential units by 2030.


"One reason is, I have a hard time seeing beyond 20 years," Alcorn said at the May 12 meeting. Also, he said, many of the regional transportation improvements that would be needed to support development beyond levels anticipated by 2030, such as high-speed transit corridors, remained unfunded and unplanned. "Several of these items are really just place-holders at this point," Alcorn said, adding that projects like the proposed Metro Purple Line would need to be fleshed out while Tysons Corner was undergoing its initial 20 years of redevelopment....
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Old Posted Jul 26, 2010, 9:01 PM
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Developer WestGroup sells office buildings in Tysons Corner (Washington Post)

Developer WestGroup sells office buildings in Tysons Corner

By Jonathan O'Connell
Washington Post
Friday, July 23, 2010; B05

http://www.washingtonpost.com/wp-dyn...072205932.html

The largest commercial landowner in Tysons Corner announced on Thursday that it had sold 115 acres of office buildings and land to a subsidiary of Credit Suisse Group, a financial services company with U.S. headquarters in New York.

The deal is one of the largest real estate transactions in the Washington area in recent years, both by acreage and value. A source familiar with the transaction, who spoke on condition of anonymity because the companies had not authorized discussion of the details, said the price was about $250 million.

WestGroup, a McLean-based developer headed by Gerald T. Halpin, bought the property in 1962 and developed it in the ensuing decades. Under an unusual arrangement, much of the WestGroup team will remain developers of the property and continue to play a central role in the evolution of Tysons Corner as four Metro stations are built there...
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Old Posted Jul 27, 2010, 12:02 AM
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So, that is a good thing right?
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Old Posted Aug 22, 2010, 4:33 PM
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Capital One Proposes a Remake of Tysons Campus (DC Mud)

Capital One Proposes a Remake of Tysons Campus

One of the local blogs has a discussion of Capital One's plan to redevelop some of its 26 acres of land it owns in Tysons Corner.

http://dcmud.blogspot.com/2010/08/ca...of-tysons.html


Rendering courtesy of DC Mud
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