While Dominion Square starts to heat up development prospects west of the Spring Hill Metro station in Tysons, a series of developments are proposed to transform the area to the north and east of the station.
The most attention-getting of the proposed developments is the 600-foot tall skyscraper “Iconic Tower”, part of a redevelopment of the block south of Tyco Road into a complex called The View. Developer Clemente Development Co. announced in August that the tower would be switching to all-office rather than residential. It is set to break ground next year.
But just to the north across Tyco Road, two developments proposed earlier this year could pick up the residential demand dropped by Iconic Tower.
The Audi Tysons Corner and Tesla dealerships along the north side of Tyco Road are proposed by developer Georgelas LLC to be redeveloped as West Spring Hill Station and North Spring Hill Station respectively.
Like The Adaire located on the southern side of Tyco Road, these developments are proposed to become mixed-use developments with office, retail, hotel and residential areas.
The proposed North Spring Hill Station would replace the existing low-rise Tesla dealership with new high-rise buildings.
One tower is planned to be either a residential tower at 300 feet tall with 385 units or a commercial building with 350,000 square feet of office use and a maximum height of 230 feet.
The two other towers are planned residential, with one being 300 feet tall with 400 residential units and the other being 270 feet tall with 270-360 units.
Meanwhile at West Spring Hill Station, a series of towers are planned to mix residential units with a 170,000 square-foot hotel and retail space, replacing the Audi dealership.
The plans for North and West Spring Hill Station were submitted in September and are scheduled to begin a county staff review in late November. The exact construction timeline after that is unclear.
Professor Frank Shafroth, director of the Center for State and Local Leadership at George Mason University, said that crowding around the other Metro stations in Tysons is driving up real estate values and property taxes, which makes outlying areas like Spring Hill Road Metro station more fiscally attractive to developers.
But some changes won’t be as dramatic and the auto dealerships that define the area today won’t completely disappear.
Crown Tysons Properties has an application under review at the Department of Planning and Zoning for 8600 Leesburg Pike, currently a warehouse and automobile storage facility. This is a rezoning and special exception application to allow the building to be converted into a new automobile dealership just south of Koons Tysons Toyota and Koons Collision Repair Center.
The new dealership is proposed to fall under the same ownership as the Koons dealership to the north, although no changes are proposed for that site.
Photo (2) via Google Maps
Developers seeking an alternative to the increasingly built-up Greensboro Metro station might be looking one stop north.
Dominion Square, an 18-acre site adjacent to the Spring Hill Metro station, is for sale, as first reported by the Washington Business Journal. The site, which encompasses portions of two existing redevelopment plans, has already been approved for 3.6 million square feet of mixed-use development, according to a press release (below).
Newmark Knight Frank, a real estate advisory firm, has been selected to help market the site.
The land is currently occupied by auto showrooms and sale lots, including Sheehy Infiniti of Tysons, Honda of Tysons Corner, Priority Mazda and Priority Nissan. The dealerships currently have leases that can be terminated to make way for the development when the project is ready to start construction.
More from the press release:
Newmark Knight Frank (NKF) has announced it has been selected as the exclusive advisor for the sale of Dominion Square in Tysons, VA. The 18-acre site is located directly adjacent to the Spring Hill Metro Station, currently the first eastbound stop on the Silver Line.
The site is approved for 3.6 million square feet of mixed-use development, comprises three separate parcels and is unaffiliated with a specific developer. The property includes terminable leases for four existing car dealership sites, offering built-in income and flexibility allowing investors to react strategically to demand.
Dominion Square represents a once-in-a-generation opportunity to shape one of the DC metro area’s premier submarkets. Located at the intersection of the I-495 Beltway and the Dulles Toll Road, Tysons is a major economic and employment hub,” explained Mark Anstine, executive managing director of land services at NKF. “With the ongoing construction of the Silver Line slated to connect Dulles Airport to downtown Washington, DC in 2020, the area boasts a perfect combination of mass transit, new urbanized residential and retail development, drawing significant interest from regional and national companies.”
With approval now in place for more than 2 million square feet of office, 1.1 million square feet of residential, 185,000 square feet of retail and a 205,000-square-foot hotel, Dominion Square is poised to become an urbanized and amenitized scene where employees can live and play where they work. Since Tysons is the 12th largest office market in the United States headquartering numerous companies–including many of the Fortune 500, it boasts one of the country’s most highly-educated and diverse workforces.
Map via Google Maps