Tysons Car Dealership Hits The Market With Plans For 2M SF Project
A 14-acre site next to Tysons' Greensboro Metro station, where Comstock had previously proposed a project, is now being marketed for sale as a Home Depot-anchored mixed-use district.
The owners of 2000-2050 Chain Bridge Road are marketing the site, home to the Koons auto dealership since 1975, for three different opportunities: a ground lease, a sale and a joint venture.
CBRE is marketing the site, according to a posting on its website and a marketing brochure posted to LoopNet.
The owners aim to retain control of the 5-acre Parcel A, the site of the proposed Home Depot, either through a joint venture or sole ownership. But they are looking to sell the 2.3-acre Parcel B, the closest to the Metro station, and ground lease the 7.1-acre Parcel C along Chain Bridge Road.
Home Depot purchased the 7.1-acre 2000 Chain Bridge Road in 2021, the Washington Business Journal reported at the time. The adjacent parcel at 2050 Chain Bridge Road is owned by 1902 LLC, an entity controlled by the Caldow family, according to Fairfax County deed records.
A spokesperson for Home Depot said the company was “unable to share details at this time” but would reach out when “we have something more to share with the public.”
CBRE declined to comment, and the Caldow family didn't respond to requests for comment.
The brochure indicates the plan would be to develop more than 2M SF of residential, office, retail and restaurant uses, including a 108K SF Home Depot and 28K SF Home Depot Garden Center.
The property is zoned as a regional retail commercial district under the C-7 designation. That zoning designation would allow uses including retail, hotel and office, according to the CBRE listing. But the owners plan to work with the new partners to rezone the 14-acre site to the PTC designation, short for Planned Tysons Corner, which would allow “a variety of mixed-use and residential uses with significantly more density,” according to CBRE's listing.
In 2022, Comstock filed a site-specific plan amendment, on behalf of the owners for the parcel closest to the Metro station, requesting flexibility on the amount of office it is required to develop. The application said the entire site was planned for approximately 85% multifamily and 15% retail.
“With the office market reeling from the COVID-19 pandemic, the Nominator and Owners believe a mixed-use development with a residential focus will better fulfill the dynamic, 24-7 atmosphere contemplated by the Comprehensive Plan for Tysons, as well as provide a more stable source of ridership for the Silver Line,” the proposal says.
Comstock, which also has major Silver Line-adjacent developments in Reston and Ashburn, didn't respond to a request for comment on the Tysons site.
The Chain Bridge Road property sits across the street from The Boro, a massive mixed-use project that opened its first phase in 2019 with a Whole Foods, a ShowPlace Icon Theater, a 20-story office building and three multifamily buildings.
