The 125,000 square-foot Capital One Center is a key amenity specifically mentioned in the plan to remake Tysons into an “urban downtown” in Fairfax County. The facility includes a 1,500-seat auditorium, a 225-seat black box theater and two classrooms. The Capital One Center will primarily be used for the bank’s training classes and meetings but it will also be made available for events that will be open to the pubic, such as symphonies, local arts exhibits and school graduations.
As part of the build out of its 24.5-acre campus, Capital One has also signed a lease with Wegmans for an approximately 80,000 square-foot, urban style grocery store on the same block as the Capital One Center.
The final development of the area will provide more than four acres of parks and open space with nearly two acres on top of parking garages. The largest park, the 1.2-acre common green, will be located 7 stories up on top of the parking garage above Wegmans. This elevated park will offer a lawn, seating areas, bocce courts and a game plaza.
Construction of the Capital One Center is expected to start in 2018.
Development is already under way with the ongoing construction of the bank’s new 32-story headquarters. At 470 feet, this building ranks as the second tallest in the D.C. region, just 85 feet shorter than the Washington Monument. It also will serve as the iconic anchor for the transformed campus.
In total, the bank’s redevelopment plan calls for 12 new buildings spread across five blocks on its property located between the Beltway, Route 123 and Scotts Crossing Road. Capital One will keep its existing 14-story office headquarters, along with the current two-story conference center. It’s nine-level parking deck will be temporarily expanded with another two levels, but the structure may ultimately be torn down to make way for two high-rise office buildings.
When the new office headquarters is occupied, which the company expects to be in 2018, the bank will employ about 5,000 people at its campus.