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.
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.
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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Local Real Estate News
Homeowners in the snowier states spend their winters watching the white stuff accumulating on the roof — and possibly wondering if their house can bear all the weight. Here’s what you need to know.