Two Greystar Luxury Residential Buildings Set Upscale Tone for Development
Stamford, CT. September 23, 2014 – T-Rex Capital Group, LLC and its partners, The Georgelas Group and Dierman Realty Group, LLC, are redefining luxury with Spring Hill Station in Tysons Corner, Virginia. Nestled around the new Spring Hill metro station on the Metrorail’s new Silver Line, the area provides an easy commute to all parts of the Washington, D.C. metropolitan region and–once Phase Two of the Silver Line is completed–to Dulles International Airport.
Over 6 million square feet, Spring Hill Station will offer premiere residential properties expected to total 3.5 million square feet, 2.2 million square feet of office space, over 160,000 square feet of retail space and up to 200,000 square feet for a hotel. The development will be comprised of three neighborhoods, each with their own distinct style, unique attributes and personality intertwined to create the next generation of urban living in Tysons Corner. High-powered work environments will blend with lavish living units and upscale shops and restaurants to provide a performance driven, high-octane lifestyle.
Greystar Real Estate Partners, LLC has purchased two parcels in Spring Hill Station since 2012 to build almost $300 million of luxury apartments. Their first apartment building, The Ascent at Spring Hill Station, opened earlier this year and rises 26 stories above the skyline. The Ascent offers 404 luxury units as well as a rooftop pool, a fitness center and community areas.
Following the success of The Ascent, Greystar recently purchased an additional parcel in Spring Hill Station to build the sleek and sophisticated Elan, which will be 34 stories tall with 400 apartments and 6,500 square feet of retail space. With the second upscale Greystar residential building on its way, Spring Hill Station is poised to become the flagship destination in Fairfax County, Virginia’s newly created, world-class urban downtown.
“Once completed, Spring Hill Station will offer the finest living, shopping and dining in Tysons Corner,” said T-Rex Capital Group, LLC CEO Tom Mulroy. “We are proud to have Greystar collaborating with us and look forward with excitement as the project progresses.”
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T-Rex Capital Group, LLC (“T-Rex”) is a privately held real estate investment firm that was established in 1999 to capitalize on the inefficiencies in the United States real estate markets. T-Rex Capital Group is comprised of both institutional and individual investors with key executives averaging over 25 years of experience with over $7 billion of investing and development experience. T-Rex Capital Group is actively engaged in acquiring and developing properties in order to enhance their value through effective management and financial engineering. T-Rex Capital Group is headquartered in Stamford, Connecticut with offices in Washington D.C. and Boca Raton, Florida. For more information, please visit www.trexcapitalgroup.com.