Tysons Corner, also known as Tysons, is an area in Northern Virginia that has served as a city center for Fairfax County. With more than 46 million square feet of office and retail development, this auto-oriented edge city is well on its way to achieving its own critical mass. The community has attracted a number of Fortune 500 headquarters including Booz Allen Hamilton, Capital One Financial, Freddie Mac, Gannett Corporation, ITT Exelis, Hilton Worldwide, Octagon, Primus Telecom, and SAIC. The area enjoys a low unemployment rate of 3.6% and average household income of $121,032.
Bounded by the Capital Beltway, McLean, and Vienna, Tysons has seen tremendous growth in the past. Being only 12 miles from the Capitol in Washington, D.C. and 16 miles away from Dulles International Airport, the area benefited from a flourishing defense contracting arena. This sustained demand has continued with the rise of information technology and more recently the promise of greater accessibility. The Fairfax County Board of Supervisors has begun a 40-year urbanization plan to transform the area into a high density urban center by 2050. The plan calls for construction of transportation infrastructure projects and a city grid system focused around the four new silver line Metro stations. Immense projects such as The Meridian Group’s The Boro, will create 266,000 square feet of retail, 2,300 residential units, and 2 million square feet of office space, all within walking distance of the Greensboro Metro station. Dominion Square, a project near Spring Hill Metro station will be comprised of 8.7 million square feet of office, retail, and residential space. The introduction of these mixed-use projects is critical to the area’s transformation from an office park setting to 24/7 urban centers.