Comprehensive Plan Has Transformed Tysons into Epicenter of Economic, Residential and Retail Growth
Tysons Partnership today celebrated the ten-year anniversary of the implementation of the Comprehensive Plan, a 40-year strategic outline shaping the future of Tysons into a true urban center in the Northern Virginia region. The initial ten years of the plan fueled a surge in growth in Tysons, resulting in a 2020 asset valuation of nearly $18 billion. This valuation, driven by the completion of the Metro Silver line connecting Tysons to the rest of the region, also reflects the completion of more than nine million square feet of new development, more than 78 approved road segments, more than two miles of additional sidewalks and bike lanes, and seven new intersections.
“What has happened in Tysons over the past ten years has truly never happened on this scale anywhere else in the region,” said Jeff Tarae, Chairman of the Tysons Partnership Board of Directors. “We at Tysons Partnership are incredibly proud to bring together all of Tysons’ stakeholders -from the private and public sector- to create the kind of innovation, energy and action that is truly transforming Tysons. We are certainly proud to have reached this milestone marking the tremendous success of the Comprehensive Plan, but we are even more excited about the tremendous growth and development still to come in Tysons.”
The Comprehensive Plan, which is guiding the future of Tysons through 2050, has delivered significant results since its inception in 2010. Fueled by the delivery of the Metro Silver line, Tysons has experienced considerable economic expansion, as it is now home to more than 120,000 employees, over 30 million square feet of office space, the five Fortune 500 companies headquartered in Tysons and numerous major expansion projects in the pipeline, including The Mile, Tysons Central and The View at Tysons. Other projects that have recently delivered in Tysons include Capital One Tower, The Boro, the Lumen at Tysons, and the Kingston at Mclean Crossing.
With four Metro stations, Tysons has become a transportation hub with convenient accessibility to three airports, two of the area’s leading retail centers (Tysons Corner Center and Tysons II) and increased mobility throughout the entire region which has led to 80% of new development occurring within half a mile of a Metro station.
“The future of economic growth in Tysons will be built on collaboration,” said Jeff McKay, Chairman of the Fairfax County Board of Supervisors. “For the first time there is a unified vision and understanding shaped by the Fairfax County Board, Tysons Partnership, the Fairfax County Economic Development Authority, our business leaders, and the community, that we all need to work together to make Tysons a truly world class city. As Tysons continues to succeed, it benefits Fairfax County, Northern Virginia, and this region as a whole.”
By 2050, Tysons total development will double, with the projected population expected to expand to more than 200,000 employees and more than 100,000 residents. Additionally, with the expected delivery of over 50 million square feet of new development -including commercial/office, residential, hotel and retail space- Tysons’ total development will reach over 100 million square feet by 2050.
About Tysons Partnership:
Tysons Partnership is a dynamic collaborative of Tysons stakeholders working together to accelerate the transformation of Tysons, Virginia into a thriving urban environment. Tysons Partnership was formed in 2012, shortly after the adoption of the Tysons Comprehensive Plan by the Fairfax County Board of Supervisors. The Partnership consists of over 100 member organizations with stakeholder interests in the continued urban and economic development of Tysons, including major employers, landowners, developers, businesses, citizen associations, and Fairfax County Government.
