Reston Development Updates, Camp Expo Today

Local Real Estate News
Here’s an updated list of the development and plans currently in the works for around Reston:

  • The former American Press Institute headquarters (11690 Sunrise Valley Dr.)  is planned to be redeveloped into 37 town homes.
  • A new development dubbed “Lincoln at Commerce Park” (Sunrise Valley Dr. & Association Dr.) will feature 260 multi-family residential units
  • A 75,000-square-foot office building at 1831 Wiehle Ave. will be converted into a mixed-use building with 504 multi-family residential units and up to 61,000-square-feet of retail.
  • Located at the spot of the former Reston Mini-Storage and a commercial strip in the 11400 block of Sunset Hills Road, the site will house a 421-unit apartment building with 10,000-square-feet of ground-floor retail.
  • 500 apartments, a 175-room hotel, roughly 400,000-square-feet of office, and ground-floor retail on the sites of 1850 Centennial Park Drive, 11400 Commerce Park Drive, and 11440 Commerce Park Drive, respectively.
  • Madewell is coming to Reston Town Center.
  • A second Chick-fil-a in Reston is planned for 1490 North Point Village Center, which currently houses a BB&T Bank branch.

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2016-17 RA Member assessment rate to increase by $15

Local Real Estate News

RALogo
Photo courtesy Reston Association

Reston Association’s Board of Directors have approved a $16.9 million budget for 2016-17, which sets the member assessment rate at $657 for next year. The 2016-17 annual assessment is a 2-percent increase from 2015, when the rate was $642. Rates have risen $67 since 2013.

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Capital Bikeshare stations coming to Reston, Lidl HQ coming to Arlington

Local Real Estate News

Fairfax_Bikesharing
Image courtesy McEnearney Associates

Finances have been put in place to create a bikeshare community in Reston and Tysons. The $1.7 million plan was approved last week during the Fairfax County Board of Supervisors meeting. The Board signed off on the county’s grant application for the Virginia Department of Transportation’s FY 2017 Transportation Alternatives Program back in October. The grant, worth $400,000, will go to pay for bicycles and bicycle stations, as well as anything else needed to get the program up and running.

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Coffee Office Hours, D.C. Restaurant Week kicks off today

Local Real Estate News
coffee and computer
Every Thursday morning, I sit at a different local coffee shop. Come up to me and ask any real estate-related questions.

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Military on the Move

MOM_Web_Graphic.jpgLocal Real Estate News
I’m proud to be a part of Military on the Move!

Military on the Move® is a rebate program available to all active duty, retired military (20 years), and Wounded Warriors to assist with the finances of buying or selling a home. This unique program is not tied to a specific mortgage company and is based on the actual sales price of a home – not a fixed amount based on a range of values. Rebates are also received at settlement and can be used for closing costs, warranties, inspections, upgrades and more!

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Will real estate development spur Metro riders to return?

Local Real Estate News
P7070167Will future real estate development guarantee a return of Metro’s lost riders? That’s the hope of Metro’s leaders, who believe riders will return, pointing to development either underway or planned within close proximity — defined as a half-mile walking distance — of rail stations across the region. The Wiehle-Reston station is one such example.

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A blizzard is coming! A blizzard is coming!

Local Real Estate News
Prepping your home for the cold might seem daunting, but it will protect you and your investment. Do these things now before the snow dumps. 

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The Boro is coming, Kendra Scott launch party and a hospital tour

Local Real Estate News
The Boro Rendering
The Fairfax County Board of Supervisors last Tuesday unanimously approved The Boro, a 4.2 million-square-foot development by the Greensboro Metro station that will feature the region’s largest Whole Foods, a six-story Showplace Icon multiplex, multiple multifamily and office buildings and a couple of parks.

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