Board Approves Capital One Rezoning Plan
September 25, 2012 – Today, Fairfax County Board of Supervisors Chairman Sharon Bulova led the board in a unanimous vote to approve the Capital One expansion rezoning proposal after the Fairfax County Planning Commission approved the expansion in Tysons Corner last week.
“The Capital One expansion and redevelopment project is a great step forward for Tysons Corner,” Chairman Bulova stated. “As the first major rezoning initiative since the initial demonstration project, the expansion not only lends to the vision of Tysons as a strong economic and residential center, but also achieves the goals of the Tysons Corner Comprehensive Plan by addressing transportation needs and providing community amenities.”
The expansion project includes over $63 million in transportation improvements, a pedestrian-oriented design, and park spaces. When completed, the project will frame the existing Capital One 14-story headquarters building with a mix of high-rise office, residential, and hotel buildings within easy walking distance of The Tysons East Metrorail. (3.1 Million square feet of office space, four high-rise residential buildings with has many as 1,200 units, a hotel and 100,000 square feet of restaurants and retail).
Capital One is one of the first major landowners to be granted zoning approval under an amended master plan for Tysons that the board approved in 2010. The expansion project represents significant progress in the development of Tysons Corner.