Best Real Estate Deals: Capital One Center, Best New Development

In some ways, the “Best New Development” award could be considered a lifetime achievement award for Barry Mark, vice president of design and construction for Capital One Financial Corp. (NYSE: COF). That’s because Mark has been working on the development and evolution of the banking giant’s 23.5-acre Tysons campus since he joined the company more than two decades ago.

“My first project when I joined in 1999 was to identify this property and purchase this property,” Mark says. “Every time I think we’re probably done, we seem not to be.”

Back in 2002, Mark helped deliver a 14-story headquarters building, while three more similar fortresses were planned for what was supposed to be a 29-acre gated corporate campus. Before those were built, however, Fairfax County amended its Comprehensive Plan for Tysons in 2010, allowing significantly more density for properties within a quarter-mile of the four local Metro stops.

Suddenly, Capital One’s investment could hold as many…

Read the full story from the Washington Business Journal.

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