Industries Commercial Real Estate

Skanska USA purchases parcel in Tysons

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Skanska USA announced it has acquired a parcel that is part of the 8 million-square-foot Scotts Run, mixed-use development in Tysons.

The site is directly across the street from Metro’s McLean Silver Line station and between the headquarters of Capital One and Mitre. The site also is close to the Beltway and the Dulles Toll Road. The land is 94,000 square feet and 20 percent of that is dedicated for roads and public space.

The location is flanked by a private street and a landscaped and terraced plaza that will serve as a focal point for gathering and special events.

Skanska will announce plans for the development in the future.

Residential development in Tysons has boomed over the past five years, transforming the region from a largely suburban to a more urban environment. Key factors in sparking this change are the extension of the Metro with the Silver line into the area as well as Fairfax County's Comprehensive Plan for Tysons, which aims to increase the population to more than 100,000 residents by 2050.

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