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Capital One has acquired about 14.7 acres near its Tysons headquarters for $125 million, giving the financial giant room to potentially expand its campus south of Route 123.

The purchases, made through affiliate Dolley Madison West LLC between Feb. 24 and 26, cover roughly half a mile along Old Meadow Road and Chain Bridge Road. They come shortly after Capital One completed its $50 billion merger with Discover.

Most of the properties were approved in 2013 as part of Cityline Partners’ 30-acre Scotts Run South neighborhood. Although the Mitre 4 office building, Archer Hotel, and Heming and Haden apartment buildings have opened, much of the planned 6.5 million square feet of development remains unbuilt.

Capital One’s acquisitions include:

  • 1700 Old Meadow Road, purchased for $22.1 million on Feb. 24. Known as the Lincoln block in the Scotts Run plan, it contains Dyncorp International’s former headquarters and parking used by Shipgarten.

  • 1690 Old Meadow Road, purchased for $16 million on Feb. 26 from an Akridge affiliate. Fairfax County approved an office high-rise there in 2019 to replace a former Geico training facility. The property was not part of Scotts Run.

  • 1651 Old Meadow Road, purchased for $20.99 million on Feb. 24. The Grant block contains a six-story office building constructed in 1970.

  • A vacant 2.6-acre parcel between Heming and Route 123, purchased for nearly $17 million on Feb. 24. The Johnson block site was planned for two office buildings.

  • 1600 Anderson Road, purchased for $37 million on Feb. 24. The county approved a Hilton hotel on the Westgate block in 2024, replacing an earlier office proposal.

  • 1616 Anderson Road, purchased for $11.6 million on Feb. 24. Fairfax County approved a temporary park called The Block at Scotts Run for the Van Buren block in 2021, pending construction of a planned residential building, but the proposed amenities do not appear to have been installed.

The acquisitions extend Capital One’s presence on both sides of Route 123. In May 2019, the company bought Cityline’s planned Scotts Run North site at Scotts Crossing Road and renamed it Capital One East.

That property now includes Capital One Park, a temporary baseball stadium, and Capital One East Park, an urban park with a playground that opened last September.

Capital One has not sought changes to the county-approved long-term plan for Scotts Run North. Approved in 2015, it allows 1.5 million square feet across two residential towers and three office buildings, with the option to convert one office building into a hotel.

A Capital One spokesperson called the latest purchases “a strategic investment in our future here” in Fairfax County.

“This land ensures we have the long-term flexibility to expand our campus to meet future growth needs and continue our long-term commitment to the Tysons region and Northern Virginia,” the spokesperson said.

Capital One has been headquartered in Tysons since 2001. Fairfax County supervisors approved a plan in 2012 allowing 5 million square feet of development on the company’s 26-acre campus.

That buildout has brought additional office towers, Capital One Hall, Watermark Hotel, The Perch skypark, and retail space. The plan also envisions more than 1,000 multifamily homes, though none have been completed.

At a Tysons Community Alliance summit last week, Capital One Vice President of Global Workplace Services Erin Mical said the company is currently concentrating on more street-level recreation and dining amenities instead of new construction.

Cityline still owns one undeveloped Scotts Run property: the Taylor block at 7581 Colshire Drive, where Shipgarten has operated since 2022.

The developer submitted plans last year for a continuing care facility that Galerie Development would build and manage if Fairfax County approves the project. County staff are still reviewing the application, and no public hearings have been scheduled.

Cityline Managing Director Donna Shafer said the company expects to sell the Taylor block to Galerie in 2027 and voiced confidence in Capital One’s management of the other properties.

“It’s a big win for Tysons and a big win for the commonwealth,” Shafer said.