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Tysons State of the Market

How Can We Keep the Tysons Boom Going?

Event Ended On: Thursday January 24 2019

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Event Host

Events Raw Space

1600 Tysons Boulevard

1600 Tysons Boulevard is a LEED Silver 13-story 305,000 square foot award-winning office tower. The building is two blocks from the Tysons Corner Metro Station and located within Lerner's Corporate Office Centre at Tysons II, the premier master-planned development in the Washington area, featuring high-end shopping at Tysons Galleria, many superb dining options, The Ritz-Carlton Hotel and trophy office towers. The property is located in Tysons, Virginia, the largest office market in Virginia and 12th largest in the nation. 1600 Tysons Boulevard features an expansive two-story lobby with lush interior garden and commissioned artwork, a newly renovated and expanded state-of-the-art fitness center, onsite café, Wi-Fi lounge and work area with pantry kitchen, team rooms with luxurious lounge seating for breakout collaboration space, as well as upholstered enclosed rooms for privacy and quiet work, and a flexible seating conference center that accommodates up to 85 guests. The building is connected by a climate controlled walkway to Lerner's neighboring office buildings, Tysons Galleria and The Ritz-Carlton Hotel. It also features panoramic views, concierge service, 24-hour building security, exclusive courtesy shuttle to Metro and other properties within Tysons II and covered parking.

Speakers

Greensboro Growth Spurt

How Will Tysons' Next Development Boom Impact the Market?

Bob Kettler

Bob Kettler

Founder & CEO, Kettler
Gary Block

Gary Block

Chief Investment Officer, The Meridian Group
Hilary Allard Goldfarb

Hilary Allard Goldfarb

Regional Development Officer, Mid-Atlantic Region, Rockefeller Group

Riding the Wave

How Do We Continue the Tysons Development Boom?

Brian Tucker

Brian Tucker

Managing Director, JLL

Remarks from the Podium

Kevin Reynolds
Remarks From The Podium

Kevin Reynolds

EVP, United Bank

Agenda

Time Activity
7:30 AM
8:30 AM
Breakfast, Coffee & Networking
8:30 AM
9:15 AM
Riding the Wave
How Do We Continue the Tysons Development Boom?
9:15 AM
10:00 AM
Greensboro Growth Spurt
How Will Tysons' Next Development Boom Impact the Market?
10:00 AM
10:30 AM
More networking!

Venue/Parking

1600 Tysons Boulevard
1600 Tysons Boulevard
Tysons, VA 22102

Parking Information: The entrance to the parking garage is located to the left of the main lobby entrance of 1600 Tysons Boulevard. If parking in the garage, please enter the building on P-2 to access the elevators in the main lobby. If you are being dropped off, there is a layby at the buildings’ main entrance where you can be let out. You may access the 5th floor via the elevators from the main lobby.

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Event Summary

The Tysons boom is a development success story for the ages. Having grown from what was once a collection of office parks to a census-designated place with a sprawling skyline, the area has a lot to brag about. As we look at 1.5M SF of office under construction, 1,800 multifamily units to deliver, and massive mixed-use developments in the pipeline, the area shows no signs of slowing down. With a few years of booming development, is the market fully built?

How much more construction does the market need to see? Northern Virginia is poised for growth, but is it growing quick enough to meet the supply being delivered? Building a city requires expert navigation.

Join us as we assess the Tysons market, discuss the trends impacting its growth, and

strategize how the industry can poise it for success. Add to the fun on Twitter with hashtag #BisnowVA and follow us @BisnowDC! For questions, recommendations, comments, or press inquiries please email James Shearin at James.Shearin@Bisnow.com

1. How will 1.5 M SF of office under construction impact the area's 17.8% vacancy rate?

2. How can the area's office market snag and retain corporate headquarters?

3. After years of booming development, how long will the Tysons market remain hot?

4. Are developers able to bring culture-building retail to Tysons in a rapidly changing retail climate?

5. How is Tysons multifamily differentiating itself from competing markets?

6. Will Tysons experience any reverberating waves from Amazon HQ2?