Towers Crescent

Towers Crescent 2018-12-11T17:16:24-04:00

Project Description

Brokers:
Paul Norman

Parcel Address:
12345 Towers Crescent Drive, Tysons Corner, VA 22182

Size (Acres):
2.59

Use:
Suburban Residential

Overview of features and benefits:
As the exclusive listing agent for Towers Crescent Land LLC (the “Seller”), Cushman & Wakefield is pleased to offer the land, entitlements
and approved CDP/FDP plans for the Towers Crescent multifamily development site located in Tysons, Virginia (the “Property”).
The approved CDP/FDP for Towers Crescent is comprised of three separate high-rise towers with maximum density of 919 units. The
development site is the final remaining undeveloped component of a larger coordinated site plan that has been substantially built out
with multiple commercial buildings. Cushman & Wakefield is also the listing agent in the sale of the office buildings that comprise
Towers Crescent.

While offers will be accepted for purchase of the Property based upon the current approved CDP/FDP with proffer conditions, Seller will
also consider offers based upon an alternative concept plan. The Seller will evaluate all offers based on the product mix that generates
the highest value for the land, with the best associated terms. Bidders have the optionality and flexibility to propose a mix of product
uses that may include Senior Housing, Condominiums, lower scale wood frame buildings and/or additional retail, if it is compatible
with the existing Towers Crescent Master Plan. Please note that any changes to the approved plan may require a CDPA/FDPA, which
buyer will be responsible for obtaining. We believe Towers Crescent provides a unique opportunity to design a creative mixed-use plan
adjacent to one of the largest and most successful shopping centers in the United States.

Owner: Towers Crescent Land LLC
Location: North side of Towers Crescent Drive and Route 7 at to the intersection of Leesburg Pike and the Capital Beltway (I-495). Property is adjacent to Tysons Corner Center
Site Size: 2.59 acres (112,817 SF)
Current Zoning: PDC with Proffered Conditions
Units: 750-919 Units (Inclusive of WDUs)
Total Retail Space: Up to 15,349 SF
# of Stories: 16- 18 stories with a maximum of 18 stories
Parking: +/- 1,577 spaces

View Property Detail