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TYSONS CORNER CENTER CENTER

BUILD ING RENOVAT ION EXAMPLE

For Educational Use Only

TYSONS CORNER CENTER CENTER

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TYSONS CORNER OVERVIEW

•Originally 85 acres

• Triangular site

• Bordered by 3 major transit-

ways:

• Capital Beltway (I-495)

• Chain Bridge Road (Route 123)

• Leesburg Pike (Route 7)

• Free standing retail center

• Fairfax County, VA

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TYSONS CORNER CENTER: 1968

• Tysons Corner Center

Opened in 1968

• 1.5 million sf

• 85 acres

• All surface parking

• At the time, it was billed as

one of America's largest

interior malls

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TYSONS CORNER CENTER: 1987

• Net Rentable Area:

1,502,000sf

• 1987 Occupied: 99.8%

• Sales volume averaged

10.5% annual increase from

1979-1987

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TYSONS CORNER CENTER: 1987

• 1987 Preliminary Land Plan

identified 23 acres for

future expansion to

include:

• 240,000sf addition to

the mall

• 5 parking structures

• 250 room hotel

• 5 building sites

• Note: RTKL was architect

for 1987 plan

Proposed Future Development 1987

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TYSONS CORNER CENTER: 2005

http://www.prnewswire.com/news-releases/tysons-corner-center-announces-major-redevelopment-and-expansion-plans-55679682.html

• Owner: Wilmorite Properties

• Architect: RKTL

• 2.1 Million SF

• 20 Million Shoppers per Year

• Largest major renovation in 15 years

2003: Planning, Permitting, Leasing

2003 – 2005: Construction

2005: Delivery and Grand Re-Opening on new wing

• Additional 350,000sf leasable area to include:

• Restaurants

• Food Court

• Retail Stores

• 18-screen AMC Theatre

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TYSONS CORNER CENTER: PRESENT

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• Phase 1: 1,385,600sf

• Office, Retail, Hotel, Residential

• Phase 2: 1,067,790sf

• Office, Retail, Residential

• Phase 3: 379,900sf

• Office, Retail, Residential

• Phase 4: 669,400sf

• Office, Retail, Residential

• Total: 6,026,825sf

• Total Retail: 2,671,647sf

• RTKL Associates Development

Proposal: Approved 2007

TYSONS CORNER CENTER:

FUTURE

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TYSONS CORNER CENTER WRAP-UP

• 1968: 1,500,000 square feet

• Served by state and local highways

• 1988: 1,800,000 square feet

• Served by interstate highways

• 2005: 2,300,000 square feet

• Served by interstate, toll roads, bus system

• 2015: 2,700,000 square feet

• Served by Metro rail system

10 For Educational Use Only