JLL is pleased to present for sale The Ascent at Spring Hill Station (the “Property”), a 404-unit multifamily tower located in McLean, Virginia on “the Hill” in Tysons. Located within the DC metro’s largest office market (22.8 million square feet), the Property offers best-in-class amenities and immediate access to the Spring Hill and Greensboro Metro Stations.
The asset is positioned less than a 10-minute walk from Whole Foods at the Boro, which delivered in late-2019, and benefits from the 5.4 million square feet of retail that includes regional shopping hubs, Tysons Corner Galleria and Tysons Corner Center. Major infrastructure investment in the Silver Line, Virginia Hot Lanes, the Jones Bridge Connector, and $2.8 billion in additional transportation infrastructure to support increased density and walkability has spurred a major transformation of Tysons into a liveable, walkable community.
Attractive Northern Virginia Suburban Location – Largest Office Market in NOVA as Suburban Submarkets
Outperform Urban Core Pent Up Demand Generated by Recent Development and Infrastructure Offers Enormous Rent Growth Potential
Urban Environment with Immediate Access to Retail Amenities and Employment Hubs
Surrounded by Prime Retail – Walkable to Whole Foods, Tysons Corner Center, and Tysons Galleria
Accessibility – Connected to the Greater DC Metro Area through Route 7, Route 123, Dulles Toll Road, I-495, I-66, and Silver Line Metro
Opportunity to Drive Rents – Rare, Light Value Add Program in a Core Market Evolving Submarket - Capitalize on 6 years of Extensive Construction and Infrastructure Improvements Around the Asset