Fairfax County Board of Supervisors Approves Capital One’s Development in Tysons

Sept. 26, 2012

News Highlights

  • This is the first major rezoning initiative for Tysons since the initial demonstration project, the Spring Hill Station development.
  • Capital One plans to include 3.1 million square feet of office space, hotels, up to 1,230 residential units, and more than 4.8 acres of parks.

 At its Sept. 25 meeting, the Fairfax County Board of Supervisors approved Capital One Bank’s plan to build about 4.4 million square feet of new, mixed use development in Tysons.

Illustration of Capital One Bank's redevelopment proposal for their Tysons property.

"The Capital One expansion and redevelopment project is a great step forward for Tysons," 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 Comprehensive Plan by addressing transportation needs and providing community amenities."

The future development would add to the bank’s existing 26-acre campus, which sits between the Beltway and Route 123. The entire project will be within a quarter mile of the McLean Metro Station, one of the four new stations in Tysons that are part of the first phase of Dulles Rail project.

The bank plans to keep its current 14-story headquarters building plus the adjoining conference facility. When finally completed, the project may add another 12 high-rise buildings to site. This includes 3.1 million square feet of office space, up to 1,230 residential units, two hotels, shops, and green space.

Capital One’s plan incorporates many items that will help make Tysons a green, pedestrian friendly urban center, including:

  • Green Buildings: The bank will seek LEED Silver certification for office spaces and hotels and LEED Certification, or the equivalent, for all new residential development. Green roofs will cover approximately 40 percent of the rooftop area of the development as a whole.

  • Workforce Housing: Following the county’s goal for Tysons, 20 percent of the residential units will be affordable housing, and the bank will contribute money to a county fund to provide workforce housing elsewhere in Tysons.

  • Parks and Recreation Facilities: In total, the plan calls for more than 4.8 acres of public park space, including a Common Green and park near the McLean Metro station. The approximately 1.5-acre commons includes a rectangular athletic field with synthetic turf and lights. This playing field will be made available to residents and the public. Capital One also will build a 30,000 square-foot community center that will contain an approximately 9,000 square foot gym.

  • Bicycle Facilities: As part of the development, Capital One will build dedicated bike lanes along Old Springhouse Road and Old Meadow Road. Bike racks, lockers and storage facilities also will be available throughout the new development.

  • Stormwater: The development will capture the first inch of rain, a stated goal of Tysons land use plan. This will be done using tree box filters, pervious hardscapes, green roofs or other low-impact development techniques.

Capital One’s project represents significant progress in transforming Tysons into a green, walkable urban center that will be the county’s “downtown.” By 2050, Tysons will be home to up to 100,000 residents and 200,000 jobs.


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