TYSONS CORNER, VA—After acquiring the development site earlierthis month, Charleston, SC-based Greystar intendsto begin construction soon on a 400-unit multifamily high-risehere.

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The 34-story Greystar apartment tower, to be called ElanTysons, will also include 6,500 square feet of retail.Terms of the acquisition were not disclosed.

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Greystar acquired the .8-acre site from a joint venture thatincludes The Georgelas Group LLC. Georgelas tookthat site and a number of others in the area around the Silver LineSpring Hill Metro station through the approval process with FairfaxCounty, according to the Washington Business Journal.

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The project is one of seven planned towers Georgelas plans tobuild as part of the 7.8 million-square-foot Spring Hill Stationdevelopment. Greystar previously acquired the site of anotherSpring Hill Station residential tower, with about 404 units, for$24.2 million. 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.