Fairfax County:
“Capital One is advancing plans to build a 470-foot-tall
headquarters building, which if approved would become one of the tallest
skyscrapers in Tysons Corner. The towering, 975,000-square-foot structure,
which would dwarf the banking company’s current 205-foot-tall building in
Tysons, is part of a modified development plan that would include a new hotel
and expedited construction of transportation improvements and a new community
center.
The Fairfax County Planning Commission held a public hearing
on Capital One’s proposal April 3, but deferred decision until April 23… Antonio
Calabrese, a lawyer with Cooley LLP who is representing Capital One, noted the
company’s copious proffers for transportation, schools and recreation and said
the new headquarters building alone would provide the county with about $3.3
million in tax revenues annually.
The Board of Supervisors in September 2012 approved a
4.4-million-square-foot redevelopment proposal for Capital One’s 26.2-acre
site, located just northeast of Route 123 and Interstate 495. Counting the
site’s existing buildings, the overall square footage would be 4.9 million
square feet at build-out. The mixed-use development would be constructed in
five phases over about 25 years. Capital One’s plan modification would
construct ‘Block B’ first, instead of second, as previously planned.”
~ Writes Brian Trompeter of Inside Nova
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