General Dynamics (NYSE: GD) will move toÂ establishÂ a new corporate headquarters onÂ a 21-acre property in Reston, Virginia after the Fairfax County Board of Supervisors approved the aerospace and defense contractor’s development plan.
Fairfax County said ThursdayÂ that General Dynamics plans to move 175 employees from the currentÂ 175, 000-square-foot office itÂ leasesÂ at Fairview Park in Falls Church to 11011 Sunset Hills Road in Reston.
The companyÂ proposed the construction project with the local government in January.
General Dynamics’ futureÂ campusÂ will have 160, 000 square feet of office space and a three-level underground garage and surface lot that will featureÂ 250 parking spaces.
The projectÂ allows for the expansion of the office buildingÂ at a later date as well asÂ includes a 10-foot, shared-use path thatÂ will connect to the Washington & Old Dominion Trail andÂ the Wiehle Reston-East Metro Station.
The company will leaveÂ 84 percentÂ of the 21 acres of wooded lotÂ as open space and committed to offer 9, 431 square feet for the development of a localÂ urban park.