Tysons Corner, VA is Transforming Suburbia into Urban Lifestyle

by Karen Briscoe
January 24, 2014

Tysons Corner, Virginia was listed in the top 25 for median family income in 2011 according to CNN Money.  The difference between Tysons Corner and the majority of the other communities that made the list is that Tysons Corner is known primarily for its shopping centers and office buildings.  As part of the planning and building of the $3 billion Silver Line by the Washington, DC Metro Authority, extensive thought has gone into increasing the number of people who will call Tysons Corner home on the over 2,000 acre area.

The Wall Street Journal featured Tysons Corner in the Weekend addition of January 18-19, 2014. http://online.wsj.com/news/articles/SB10001424052702304419104579326693880544908?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304419104579326693880544908.html 

The Silver Line is key to the revitalization of Tysons Corner.  It will have four new Metrorail stations in the Tysons area, projected to open in 2014.  Tysons Corner is currently one of the region’s most congested areas as it brings together several major highways, shopping centers representing over 4 million square feet of space, corporation headquarters and other businesses with an employment base of over 110,000 and 26 million square feet of office space. The multi-decade redevelopment plans project employment figures to double to 200,000.  Currently, Tysons Corner is Virginia’s largest office market, the 12th largest business district in the United States, about the same size as Denver!

Tysons Corner is mid-way between Washington DC and the Washington Dulles International Airport.  The Silver Line is planned to extend to the Dulles Airport with a projected completion of 2016.  Tysons Corner is at the intersection of the Capital Beltway (I-495) and the Dulles Toll Road (Rte. 267) and is bisected by two other major roads:  Leesburg Pike (Route 7) and Chain Bridge Road (Route 123).  Taking some of the cars off these roadways is one of the most significant aspects of the Silver Line being the Silver Lining of Tysons Corner!  More than 42 million square feet of new space is already approved by County officials to urbanize the area and make it more walkable.  That equates to the same square footage as 15 Empire State Buildings.

Tysons Corner is one of the great shopping Mecca’s of the world, boasting both Tysons Corner Center and Tysons Galleria in addition to numerous strip centers and destination shopping locations.   Major retailers include:  Macy’s, Bloomingdales, Nordstrom, Neiman Marcus, Saks Fifth Avenue, Ann Taylor, Tory Burch, Hugo Boss, Chanel, Barnes &Noble, Brooks Brothers, L.L. Bean, Gucci, Henri Bendel and Eddie Bauer.  On the more affordable end of the spectrum, Wal-Mart opened in 2013 an urban style center at the base of an office building near one of the planned Silver Line metro stops.  There are numerous other boutiques, restaurants and clubs, hotels, movie theatres and entertainment venues, making it one of the most desired destinations in the region.

Tysons Corner is called headquarters for a number of major corporations, including Booz Allen Hamilton, Capital One, Ernest & Young, Freddie Mac, Gannett/USA Today, Hilton Worldwide, Deloitte, MicroStrategy, Sun Microsystems, the MITRE corporation, PriceWaterhouseCoopers, Northrop Grumman, National Automobile Association and most recently SAIC.  The Silver Line means ease of travel between Tysons Corner and points such as the Pentagon, the downtown District of Columbia government and business areas, Reagan National Airport and eventually the Washington Dulles International Airport.

The Tysons Land Use Task Force has created a vision to incorporate an appropriate mix of commercial, retail, residential with the transit facilities as well as parks, open space, arts, cultural and community amenities.  According to the U.S. Census in 2010 there were 19,627 people who called Tysons Corner home.  Planners are projecting 100,000 residents for the area by 2050.  The Silver Line is truly the silver lining for Tysons Corner!

The link to the CNN Money article, dated August 21, 2011:  http://money.cnn.com/galleries/2011/moneymag/1108/gallery.best_places_top_earning_towns.moneymag/25.html

Karen Briscoe and Lizzy Conroy are active and experienced Realtors® in the Northern Virginia, Washington DC and Maryland market place and would be delighted to assist whether for home buying or selling.  Please contact via the means most convenient for you:  www.HBCRealtyGroup.com, 703-734-0192, Homes@HBCRealtyGroup.com

Karen Briscoe is Principal of the Huckaby Briscoe Conroy Group (HBC) and author of "Real Estate Success in 5 Minutes a Day". She is an Associate Broker in Virginia, a Certified Luxury Home Market Specialist, and a member of the Women’s Council of Realtors. Karen began her real estate career developing residential lots with the Trammel Crow Company in Dallas, and in commercial real estate with The Staubach Company in the Washington, DC Metro area. Karen has a Masters Degree from Southern Methodist University and her BA from Stephens College in Columbia, Missouri – her hometown.
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