Capital Automotive proposes new project for Tysons Corner
- October 31, 2011
It seems everyone wants to be near a Metro station these days, even a company that owns car dealership real estate. The Washington Post reports that Capital Automotive, a Tysons–based company that specializes in automotive real estate, wants to build 4.4 million square feet of new development on what is now 20 acres of Rosenthal dealerships along Spring Hill Road.
The new development, which would require zoning approval from Fairfax County, would be called Dominion Square. Plans call for two new office buildings and four multi-family residential buildings on what is now a strip of new and used car dealerships. The project would be located close to the Tysons West Metro station, which is supposed to open by late 2013.
Capital Automotive, formed in 1997, has a large and diverse portfolio. It has invested more than $3.5 billion in more than 450 automotive franchise facilities in 36 states and Canada.