|| The Tysons Corner Phenomenon

What is Tysons? It's not a recognized city, but it is one of the top 10 growing urban centers in the United States

|| Geography

Tysons Corner is the meeting place of Vienna (South of Route 7) and McLean (North of Route 7) with three access points to I-495, the Dulles Toll Road, and quite probably in the future a Metro rail, making it a highly sought after area to establish business and personal investments. According to the Center for Regional Analysis, Tysons has by far the most office space in all of Fairfax County .

|| Tysons Corner Center Mall & Unofficial Expansion Plans

Tysons Corner Center , currently with 250 stores is one of, if not the most desirable shopping centers in the Greater Metropolitan area. Plans are underway to expand in and around the mall, facilitating the already rapid job growth in Tysons.

Expansion projected to be completed over 10 years

• 2 million square feet of office buildings

• 600 apartments

• Hotel and shops

|| Metro Rail Extension

A $1.5 billon Metro rail extension from West Falls Church stop to Tysons Corner, extending further to Dulles International Airport has been planned to accommodate the expansion.

The funding for Metro Rail will come from:

• 25% from raised tolls for Dulles Toll Road

• 25% from landowners (including mall owners) in the area

• 50% from the Federal Government

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  || Residential Growth & Investments $$$

Though, Tysons officially has no single family home dwellings, only high density condominiums and townhouses, many residents surrounding the area refer to their homes as "living in Tysons" as if it were a city. One thing is clear, Tysons is a fast growing and appreciating urban area, contributing to its appeal. Since 1990, many townhouse and single family developments emerged around the major arteries of Tysons Corner. To find out the recent sales, log onto www.homesdatabase.com/yingying. Since the Tysons developments are relatively small, sellers and buyers need more thorough research and expanded study to correctly evaluate the area home market. Contact me at YYLL@aol.com for details.
 

› Job Opportunity & Expected Growth $$$

The Washington Post reported on March 2005 that Fairfax County was responsible for 35% of job growth in the Metropolitan DC area in 2004. More than 80,000 new jobs are created each year in our region, yet only 25,000 new homes are built to fill the housing need. Tysons Corner is a prime example of that thriving job growth. The wide array of jobs, from accounting to legal services to government contracting, further contributes to the allure of Tysons. Tysons is also home to corporate and regional headquarters of many prestigious establishments.

› Schools

The following three high school districts---McLean High, Madison High, and George Mason High serve McLean, Vienna , and Falls Church . Fairfax County is renowned for its excellent public schools. For further information, click the link below to the Fairfax County website.

› Links and Resources:

http://www.shoptysons.com/

http://www.fairfaxcounty.gov/

http://www.fairfaxcounty.gov/
http://www.washingtonpost.com
http://washington.bizjournals.com
http://www.cra-gmu.org/
http://www.fairfaxcountyeda.org/

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