Another Megaproject Hits The Board Near Tysons' Spring Hill Metro Station
The Spring Hill station has lagged some of Tysons' other Metro stops in development and is still largely surrounded by car dealerships, but four projects each over 1.5M SF are now planned for the area around the station.
The latest plans come from D.C. gas station magnate Joe Mamo, who filed an application for a 2M SF mixed-use project at 8520 and 8526 Leesburg Pike, the Washington Business Journal reports.
The development, branded as The Piazza at Tysons, would be built on a 5.24-acre site at the corner of Leesburg Pike and Spring Hill Road currently occupied by a gas station and low-rise retail buildings.
The application calls for 727K SF of office and retail space in a 430-foot tower, which would become one of the tallest in the region. It would also include a 390-foot tower with 664K SF of either residential or hotel space and a 330-foot building with 550K SF of residential and retail. The development would include a total of 91K SF of retail space and 2 acres of public space.
Mamo's Capitol Petroleum Group owns over 100 gas stations in the D.C. and New York areas, and he sold nearly 100 stations in 2015 for $156M. Through two LLCs, Mamo last year acquired the two parcels that make up the Tysons development site for about $68M. He is working with Holland & Knight, WDG Architecture and VIKA Virginia on the project.
The development would sit next to The View at Tysons, a 3M SF project Clemente Development has planned that could feature the region's tallest tower, a 600-foot office building. The developer has changed the makeup of the development and filed three separate applications, the latest earlier this month altering the size of its performing arts center.
Also near the Spring Hill station, Georgelas Group in September filed plans for its 1.5M SF Spring Hill Station North development. Another development site planned to include 3.6M SF of mixed-use development hit the market in October, with Newmark Knight Frank seeking buyers for the 18-acre site.
