Skanska Acquires Multifamily Site At Scotts Run
The company will announce its plans for development at a future date.
TYSONS–Skanska has acquired a high-density, multifamily development site that is part of Scotts Run from Cityline Partners. It will announce its plans for development at a future time. A general shape of what the development though is suggested by the site’s location, which is flanked by a private street and a heavily landscaped and terraced plaza that could, as Skanska pointed out, serve as a focal point for gathering and special events. The site is also across the street from Metro’s McLean Silver Line station and between the Capital One and Mitre headquarters.
Scotts Run is an eight million square foot mixed-use development and will be part of Tysons’ first urban neighborhood, according to Skanska.
“We believe the site we acquired is the best in Tysons given its direct access to Metro, Tysons, shopping, and to McLean and Washington DC,” says Mark Carroll, head of Skanska’s real estate development operations in Washington, DC in a prepared statement.
Skanska’s other real estate developments in the area include 99M St., SE, an 235,000-square-foot office building in the Capitol Riverfront that is currently delivering; 2112 Pennsylvania Ave., NW, an 11-story, 230,000-square-foot office building and RESA, a 326-unit luxury residential apartment located at 22 M St., NE, between North Capitol and First Streets, NE.
Skanska topped out at RESA a few months ago. The 12-story building is located one and a half blocks from the NoMa/Gallaudet U Metro station and is part of Skanska’s Tyber Place, a three-building, mixed-use development that will have 585,000 square feet of office space, 326 apartments, 30,000 square feet of restaurants and retail and an open-air courtyard.