Mixed‑Use Development Boom: 304‑Unit Apartment Plan Proposed for Old Office Lot in Tysons

• Conversion of an old office property into 304 residential apartment units with potential ground‑floor retail.
• Aligns with Tyson’s vision of mixed‑use, transit‑oriented development, supporting walkable neighborhoods.
• Close to Metro, major commuter routes, and the region’s employment hubs, increasing housing demand.

While the final building height, amenities, and construction timeline are still pending, the scale of this project indicates a significant investment in housing at a site previously dedicated to office use.

1. Office-to-Housing Conversion Reflects Market Trends

Many older office spaces in Tysons face higher vacancy rates. Converting them into residential use meets housing demand while optimizing underused land.

2. Housing Near Jobs and Transit Drives Demand

Tysons is evolving into a “live-work-play” hub. With high employment in tech, government contracting, and services, housing near transit and work centers remains highly sought after.

3. Opportunities for Homeowners and Sellers

Homeowners in nearby neighborhoods — McLean, Vienna, Reston, and Tysons itself — may see benefits. Increased buyer interest from transit-oriented projects can enhance the market appeal for homes nearby.

4. Supply and Pricing Implications

New housing supply can moderate extreme price spikes, but strong employment, limited land, and desirable locations often sustain value. Sellers should focus on preparation and pricing strategy rather than worry about minor fluctuations.

• Approvals & timeline: Rezoning, planning commission hearings, and construction can take 2–4 years.
• Amenities & retail: Ground-floor retail or services enhance neighborhood appeal and convenience.
• Transit & walkability: Improved pedestrian and transit access can increase nearby property values.
• Neighborhood ripple effects: Additional upgrades like sidewalks, parks, or lighting may emerge from new development.
• Supply-demand balance: While inventory increases, desirable locations near jobs and transit will maintain strong buyer interest.

• Prepare your home: Staging, decluttering, and curb appeal remain critical to attract buyers.
• Leverage location: Highlight proximity to transit, retail, and Tysons’ employment hubs.
• Price competitively: Consider the additional supply while emphasizing the unique value points of your home.
• Monitor market trends: Track how surrounding listings perform to gauge buyer activity.
• Think long-term: Transit-oriented development generally supports long-term neighborhood value growth.

This 304‑unit mixed‑use development in Tysons represents both opportunity and change for Northern Virginia homeowners. While increased supply could slightly temper pricing in the short term, proximity to jobs, transit, and amenities ensures ongoing buyer interest. Sellers who focus on preparation, presentation, and competitive pricing can benefit from the momentum of Tyson’s transformation rather than feel threatened by it. This project signals a long-term shift toward more vibrant, walkable communities — and positioning your home thoughtfully now is the key to maximizing value.

1. Will this new 304‑unit development make local home values drop?

Not necessarily. Properly designed and integrated developments often increase desirability in nearby neighborhoods.

2. How soon will this project impact the neighborhood?

Planning and approvals may take 12–24 months, with construction adding another 18–30 months. Initial buyer interest can shift sooner.

3. What kind of buyers will this project attract?

Likely young professionals, transit-focused renters, and buyers looking for proximity to Tysons’ employment hubs.

4. Should I sell now or wait for the neighborhood to develop more fully?

Selling now can capture current demand; waiting might benefit from future developments but comes with risks of market shifts.

5. Will nearby traffic or infrastructure strain increase?

Development may add traffic and utility demand, but planned transit and walkability improvements can offset potential concerns.