TYSONS CORNER, VA—The revised larger high-rise headquartersproject by Capital One here was approved by theFairfax County Board of Supervisors last week.

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The new headquarters project at 470 feet high will involve thedevelopment of the tallest office building and the second talleststructure in the area next to the 555-foot tall WashingtonMonument, according to the Washington Post. The revised950,550-square-foot headquarters is at a new parcel overlooking theCapital Beltway. Capital One also secured approvals for a new hotelof about 350 rooms.

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The headquarters, when built, will allow Capital One toconsolidate operations from leased space in the DC region. Thecompany has 42,000 employees worldwide and approximately 1,800 inthe DC region that the company plans to consolidate to Tysons.

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“We didn't set out to build the biggest building,” JulieRakes, a Capital One spokesperson, said. “We set out tobuild a building that would accommodate our growth. We're leasingthousands of square feet of real estate across the region, so thiswill help us bring those people together.”

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While utility work has begun on the venture, the company has yetto release a projected completion date for its new headquarters.See story in the Washington Business Journal.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.