More than 14 acres near the Greensboro Metro station is now available for development.
Cushman & Wakefield is marketing the 7.08-acre site at 2050 Chain Bridge Road to developers interested in redeveloping the land into a transit-oriented project on a long-term ground lease. An adjacent 7.08-acre site is also being made available for sale or lease, providing 14.16 acres of developable land roughly 400 feet from the Greensboro Metro station.
The lots are located at the intersection of Route 7 and Route 123, the crossroads from which Tysons Corner derives its name. Until the 1960’s, the site was home to little more than a general store until the arrival of the Tysons Corner Shopping Center, now Tysons Corner Center, in 1968 began the evolution of Tysons Corner from rural farming community to thriving edge city.
For the last 50 years, a pair of Koons car dealerships has occupied the Chain Bridge Road site on a master lease that is scheduled to expire in July 2024. Once the lease expires and Koons vacates the property, a new developer would have the opportunity to develop and construct a project on a site already zoned for commercial. The developer and ownership could also pursue PTC zoning that would allow for mixed-use and residential development with “significantly more density.”
The project would be located on the opposite side of Route 7 from Tysons Corner Center and Tysons Galleria in addition to The Boro, a massive mixed-use project that is projected to offer more than four million square feet of office, retail, multifamily, entertainment and open park space, including a 69,000-square-foot flagship Whole Foods location and a 14-screen ShowPlace ICON Theatre that are both scheduled to open by early fall.