{"id":1004100818,"date":"2014-07-18T13:45:00","date_gmt":"2014-07-18T21:45:00","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=277207"},"modified":"2020-04-30T09:09:17","modified_gmt":"2020-04-30T17:09:17","slug":"greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\/","title":{"rendered":"Greystar to Develop 400-Unit, 34-Story Residential Tower in Tysons Corner"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/1660213_1507970459429290_75478412_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-277208\" title=\"1660213_1507970459429290_75478412_n\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/1660213_1507970459429290_75478412_n.jpg\" alt=\"\" width=\"210\" height=\"300\" \/><\/a>At the start of July, a 1.8-acre site in the Spring Hill Station mixed-use project in Tysons Corner changed hands for an undisclosed amount. The buyer was GDM Spring Hill Station LLC, a joint venture between The Georgelas Group Cos., T-Rex Capital Group LLC and Dierman Realty Group LLC. Shortly after the acquisition, the joint venture sold a portion of the parcel to Greystar, a South Carolina developer with big plans in the area.<\/p>\n<p style=\"text-align: justify;\">Just as in the case of the first sale, the terms of the second sale were not disclosed. However, Greystar wants to use the land for the construction of its newest multifamily tower. Called Elan Tysons West, it will stand 34 stories tall and will have as many as 400 units, as well as 6,500 square feet of first-floor retail space. This new development will feature numerous amenities, such as a roof deck, pool, fitness center, Wi-Fi lounge, entertainment center, 24-hour concierge, wine cellar and outdoor lounge with grilling areas. It will also be located next to the new Silver Line Metro Rail station, scheduled to open on July 26.<\/p>\n<p style=\"text-align: justify;\">\u201cGreystar\u2019s development is part of the world-class Spring Hill Station project that will transform Tysons Corner into a walkable, green, 24\/7, urban center in accordance with Fairfax County\u2019s goals and objectives,\u201d Transwestern Executive Managing Director Gerry Trainor\u00a0said in a statement. Trainor led the team representing the undisclosed seller of the 1.8-acre site. Transwestern was not involved in the second sale, to Greystar.<\/p>\n<p style=\"text-align: justify;\">Spring Hill Station is a massive, two-phase development. When finished, it will be home to \u00a0as much as 7.6 million square feet of office, retail, residential and hotel space. The project is being developed by The Georgelas Group and its partners. Georgelas announced last year its plans to bring a new residential high-rise to the area.<\/p>\n<p style=\"text-align: justify;\">Elan Tysons West is the second of seven residential towers planned for Spring Hill Station. The first high-rise opened earlier this year. It was also developed by Greystar and is called The Ascent at Spring Hill Station. The tower stands 26 stories tall and features 404 apartments.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit:<a href=\"https:\/\/www.facebook.com\/\" target=\"_blank\" rel=\"nofollow\" pages\/The-Ascent-at-Spring-Hill-Station\/1468974983328838\" >The Ascent At Spring Hill Station &#8211; Facebook<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the start of July, a 1.8-acre site in the Spring Hill Station mixed-use project, in Tysons Corner, changed hands for an undisclosed amount. The buyer was GDM Spring Hill Station LLC, a joint venture between The Georgelas Group Cos., T-Rex Capital Group LLC and Dierman Realty Group LLC. Shortly after the acquisition, the joint venture sold a portion of the parcel to Greystar, a South Carolina developer with big plans in the area.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[1815],"class_list":["post-1004100818","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Greystar to Develop 400-Unit, 34-Story Residential Tower in Tysons Corner - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystar to Develop 400-Unit, 34-Story Residential Tower in Tysons Corner\" \/>\n<meta property=\"og:description\" content=\"At the start of July, a 1.8-acre site in the Spring Hill Station mixed-use project, in Tysons Corner, changed hands for an undisclosed amount. The buyer was GDM Spring Hill Station LLC, a joint venture between The Georgelas Group Cos., T-Rex Capital Group LLC and Dierman Realty Group LLC. Shortly after the acquisition, the joint venture sold a portion of the parcel to Greystar, a South Carolina developer with big plans in the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-18T21:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T17:09:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/1660213_1507970459429290_75478412_n.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Greystar to Develop 400-Unit, 34-Story Residential Tower in Tysons Corner\",\"datePublished\":\"2014-07-18T21:45:00+00:00\",\"dateModified\":\"2020-04-30T17:09:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\\\/\"},\"wordCount\":361,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/1660213_1507970459429290_75478412_n.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystar-to-develop-400-unit-34-story-residential-tower-in-tysons-corner\\\/\",\"name\":\"Greystar to Develop 400-Unit, 34-Story Residential Tower in Tysons Corner - 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