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Fairfax County Taps Firm for Crescent Redevelopment

Republic Land Development has been chosen to redevelop the 181-unit affordable housing complex.

Republic Land Development has been tapped by Fairfax County to redevelop the Crescent Apartments at Lake Anne Village Center in Reston.

Washington Business Journal reports that the county has chosen Republic subsidiary Lake Anne Developers to redevelop the complex, which contains 181 units of affordable housing across five buildings. The county purchased the buildings in 2006 for more than $49 million and then rezoned the site to hold up to 935 residential units.

Development proposals for the site were required to include 181 affordable housing units for the current residents. But requests for proposals were issued in February 2012. When supervisors formally approve the development Tuesday, it will be more than a year past the originally scheduled selection date, according to the Business Journal.

According agenda for the Board of Supervisors’ July 9 meeting, the Lake Anne Developers plan “best demonstrates the ability and capacity to meet the county’s needs.”

Earlier this year, some residents raised concerns that the affordable units won’t be all that affordable.

In May, faith and community leaders urged developers to explicitly include the financing and design to ensure that current residents and other families earning between $30,000 and $50,000 a year are able to remain at Crescent after the development.

Read the full story over at the Washington Business Journal.

Charlie July 03, 2013 at 07:40 AM
Bring on the shovels!
Private Person July 03, 2013 at 09:51 AM
$280,000 per unit plus the cost of redevelopment, plus the lost taxes, plus the RA assessments, plus the cost of the consultants, plus the property conveyance costs, plus the costs of staff, plus the costs of the charettes and what more? Outrageous waste of taxpayer money when hundreds of renovated, occupant-ready, 1-, 2-, and 3-bedroom, 2-bath condos were selling in Reston and elsewhere in the county for $100k or less. We can't wait to see the quality of the granite and stainless steel used in these homes for the "poor."
Stella McEnearny July 03, 2013 at 10:20 AM
These people deserve decent housing...
AileenPaul July 03, 2013 at 06:30 PM
Is anyone concerned about the schools nearby being overcrowded? The redevelopment scheduled across from Lake Anne ES is also going to add a high number of units. Between that one, Crescent and the other on the corner of Temporary Rd. & Reston Pkwy; there will be a huge rise in kids needing to go to Lake Anne or Forest Edge. I hope the schools are designed to handle the rise in student population.
Private Person July 03, 2013 at 07:52 PM
One more detail that Hudgins and her minions have overlooked.
John Doe July 04, 2013 at 02:14 PM
The government should stay the heck out of the development business! The county should never have purchased this develment.
Kelly D July 08, 2013 at 12:10 PM
Not holding out too much hope that the County will end up preserving affordable housing as promised. DC couldn't do it either: http://www.washingtonpost.com/local/in-district-affordable-housing-plan-hasnt-delivered/2013/07/07/789f1070-bc03-11e2-97d4-a479289a31f9_story.html?tid=pm_local_pop
Private Person July 08, 2013 at 12:20 PM
Sorry --- "affordable" housing does not need granite counters, stainless steel appliances and high-end fitness centers. They've been busted for incompetence and wasting taxpayer money and have removed a very valuable property from the tax roles for years adding to the tens of millions wasted. http://www.thomasjeffersoninst.org/files/3/Subsidized%20Luxury%20in%20Fairfax%20County.pdf Moreover, no one making more than $216,000 a year needs affordable housing: http://www.washingtonpost.com/wp-dyn/content/article/2007/09/29/AR2007092901614.html

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