Capital One continues quest to build tallest tower in Tysons

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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High-rise living in Tysons has arrived

Fairfax County:

“Developers of new Tysons Corner apartment high-rises have begun marketing the cool features of their new buildings: soaring views, rooftop pools, floor-to-ceiling windows, quartz counter tops, fire pits, pet grooming services, a bocce court and 24-hour concierge services. They are pitching the buildings as a chance for luxury urban living. And they are charging like it too.

Leasing agents at three of the new buildings are frequently asking $3 per square foot or more per month for the new units, rents on par with new buildings in Clarendon and Ballston, some of the most popular neighborhoods for renters in the region.”

~ Writes Jonathan O'Connell of the Washington Post

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Development Near Route 28 Metro Station Advances

Fairfax County

“The Fairfax County Board of Supervisors signed off on two measures Tuesday that aim to usher in new development around the planned Innovation Center Metro station. The station is located near the interchange of Va. 28 and the Dulles Toll Road. A new rail station is planned there as part of the second phase of the Silver Line construction.

The board approved a rezoning on the south side of the station that will allow construction of a six-story apartment building within walking distance of the new station. The building will have more than 400 apartments, along with about 10,000 square feet of retail space and a parking garage.”

~Writes Kali Schumitz with the Fairfax Times

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Lake Anne land Swap Approved

Fairfax County

“A land swap that some view as critical to the revitalization of Reston’s Lake Anne community is moving ahead. The Reston Association Board of Directors gave initial approval to an agreement with developer Republic Family of Companies, operating as Lake Anne Development Partners, to trade two 1-acre pieces of land.

Many Reston residents said they object to the RA giving up a heavily treed piece of land and allowing a parking garage to be built there. Fairfax County has entered into a public-private partnership with Republic to redevelop the Crescent apartments, which the county currently owns, and to complete some other improvements to the Lake Anne Plaza area.”

~Writes Kali Schumitz of the Fairfax Times

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