Despite what some local macroeconomics experts might be telling you, the construction boom continues unabated in Tysons. Considering Fairfax has gained 40,000 residents since the 2010 census, and that there is no chance there were 15,000-18,000 new homes built in the county, it is obvious that residential multi-family remains marketable. Lucky for Tysons high rise apartments are exactly what the market is currently delivering.
Case in point, the future 15-story Garfield (have not confirmed official name yet) apartments being built within a stones throw of the Silver Line McLean Station. We last visited the construction site of the 445 unit apartment project in October. At that time construction crews were busy excavating the site down to the below ground garage levels. After several months of dirt hauling the project is now moving on to vertical construction and foundation pouring.
The project is slated for an open in 2016. It is within 1/2 mile of two other major projects, MITRE Building 4 and Capital One’s 470′ headquarters tower, all centering around the new Silver Line metro station in Tysons. Looks like those with knowledge of the market, and who make decisions on multi million dollar projects think that Tysons isn’t failing after all.