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Houston developer pitches 400 apartments in place of 35-year-old Tysons office building

A Houston-based developer is the latest to propose replacing an antiquated Tysons office building, located within one of the suburban community’s larger office parks, with new residential and a public park.

Hanover Co.’s planned multifamily building at 1500 Westbranch Drive, rising as high as 90 feet, will include up to 400 units, plus private amenity space and perhaps a small amount of ground-floor retail. The 5.8-acre parcel, currently home to a vacant, 135,492-square-foot office building and associated surface parking lot, is located more than a half mile from the nearest Tysons Metro station.

Hanover acquired the site in April from TIAA Stafford-Harrison LLC for $16.5 million, according to Fairfax County records. It last sold in December 2004 for nearly $30 million.

The largest, most dense new Tysons developments are going up near Metro, like The Boro from Meridian Group and Kettler or the 8 million-square-foot Scotts Run, soon-to-feature the first Northern Virginia multifamily building…

Read the full story from the Washington Business Journal.



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