Eastern Loudoun County is full of vacant buildings that used to be Capital One banks before many of them closed as Cap One consolidated locations and took many of its services online. Known for their imposing Greek Revival style with cement columns and brick facades, many retail industry watchers have wondered what would happen to them.
Now we are getting an idea.
At least three former Capital One locations are now in play as new tenants explore the sites. The Burn was originally told most of the bank buildings would be what’s known as “tear downs” — meaning few new tenants would be able to use the very distinct buildings. Instead, they would likely be torn down and a new building would go up.
But at least one location — the former Cap One at Potomac Run Plaza in Sterling is not being torn down. Instead, the folks bringing the first Bojangles restaurant to Loudoun County are planning to keep the building but give it an extreme makeover. (See The Burn’s Bojangles coverage here.)
Meanwhile, as The Burn has recently reported, the Cap One building at Dulles Eastern Plaza in Sterling (across the street from Lowes, by the Best Buy and World Market) could possibly be torn down in order to build a new Raising Cane’s restaurant. (See our story here.) And now, we’ve learned that the Capitol One building at the Ashburn Town Square center in Ashburn (by Lotte Plaza supermarket, the KFC restaurant and Ashburn Bagel) could become an AutoZone auto parts store.
(Image at top: Divaris Real Estate)
Glad to see some new life brought to these commercial pads. The architecture came from what was once Chevy Chase Bank buildings before they were bought out by Capital One to gain market share in the DC region. At one point Chevy Chase Bank was the largest local bank in the DC region.
With dedicated bank locations going to online services, I am not sure retail malls or strip centers can rely on their presence or draw anymore.
The original buildings in that design were actually constructed by long-time Washington institution Riggs Bank. PNC, and then Capitol One took them over more than a decade back, but they were highly identifiable under the Riggs banner for decades.
Glad to see some new life brought to these commercial pads. The architecture came from what was once Chevy Chase Bank buildings before they were bought out by Capital One to gain market share in the DC region. At one point Chevy Chase Bank was the largest local bank in the DC region.
With dedicated bank locations going to online services, I am not sure retail malls or strip centers can rely on their presence or draw anymore.
A little note here – Riggs primarily built urban buildings with a different design. These buildings all belonged to Chevy Chase Bank, which was expanding prior to the CapitalOne buyout.
It’s a shame that we have this shift to online banking. I still feel physical commercial buildings are important, I wouldn’t want to live in a flat world without any of that.
A little note here – Riggs primarily built urban buildings with a different design. These buildings all belonged to Chevy Chase Bank, which was expanding prior to the CapitalOne buyout.
It’s a shame that we have this shift to online banking. I still feel physical commercial buildings are important, I wouldn’t want to live in a flat world without any of that.
The Bojangles sign at the Potomac Run Plaza location is no longer posted on the building.
Additionally, Newks at the corner of Route 7 and Potomac View has closed.
The Bojangles banners have come down because construction is about to start. Yay. And we reported the Newks closure back in August. https://www.theburn.com/2020/08/05/newks-eatery-in-sterling-closed-and-liquidating/
The Bojangles sign at the Potomac Run Plaza location is no longer posted on the building.
Additionally, Newks at the corner of Route 7 and Potomac View has closed.
The Bojangles banners have come down because construction is about to start. Yay. And we reported the Newks closure back in August. https://theburn.com/2020/08/05/newks-eatery-in-sterling-closed-and-liquidating/
Any clue if anything is going to take the place of the vacant one at East Gate in South Riding?
The Capital One at the Lansdowne location just took down the drive through ATM’s recently. There is still a walk up ATM available, but I am sure it is just a matter of time until that one gets torn down as well.
Is there anything happening with the capital One Bank that is on Rothbury Lane in Montgomery Village Maryland
Comments are closed.