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Town Center Parking Lot May Be Developed

Boston Properties has bid to buy surface lot at New Dominion Drive. Is more mixed-use development next to Spectrum Center on the way?

The 4.5-acre undeveloped land Boston Properties is seeking to buy at Reston Town Center is the surface parking lot at Fountain Drive and New Dominion Drive, a commercial real estate source says.

That would make the parking area ripe for mixed-use redevelopment that may tie in with the planned major redevelopment at the adjacent Spectrum Center.

Read about those plans here.

The parking lot is currently owned by Beacon Capital Partners. According to a report from the CoStar Group, the 4.5-acre lot will sell for about $27 million ($6 million per acre).  

The parcel is commercially zoned for 250,000 square feet of office space. Boston Properties is evaluating a potential mixed-use development plan, which could include residential as well as commercial uses, CoStar said. 

Beacon owns the original potion of Reston Town Center that opened in 1990. Boston Properties owns and manages the newer part of RTC South of Market Street and is working on purchasing the Fountain Square buildings.

More:

Boston Properties Eyes Last Spot at Reston Town Center

Boston Properties Looking for RTC Purchase

Boston Properties Buying More of Reston

Boston Properties' Block 16 Eyes Late 2013 Opening

 

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Arielle Masters February 14, 2013 at 02:26 PM
Another day, another blow to the Reston ideal. If RES really did imagine a bunch of inside-the-Beltway type midrises and highrises as the end-all and be-all of Reston, then I'm sorry everyone bought into this vision for so many years. As some other folks said, if you want to make a quick stop, a parking garage is not the way to go. I already avoid RTC most of the year because of the extra time it takes to use the garages. Also as some other folks said - where will the parade and other events convene if the surface lot is turned into stuff that adds congestion? Hate all of the greed that's behind these developments.
John Nunyobiz February 14, 2013 at 02:34 PM
It seems Reston is changing for the worse. This high density, congested urban living is not what I signed up for. This is what happens when people who do not live here or who are not impacted by their decisions are given the responsibility of making decisions. Can not see myself living here for the long term under these conditions.
taffy/toby February 14, 2013 at 03:24 PM
Reston is as good as it gets..been here for over 40 yrs.and miss the smaller density very little traffic ...knew your neighbors...great place to raise kids .. But then we were all young ..Idealistc and Reston was Utopia. The world has changed...I think a lot of people wish it would to stay the same...but nothing does..and as I said it's still the best that's out there...
Resa Kierstein February 14, 2013 at 03:42 PM
Hope the developers consider a plan to keep the community feel of the RTC and events held there throughout the year - carnival and other events are the backbone of community engagement
Todd Bayliss February 14, 2013 at 04:24 PM
My primary issue with losing the surface lot is that it will further limit parking for my old 4Runner with the cargo box on top. I can always hope they'll develop a garage with 8-foot clearance, but I'm pretty used to not fitting into garages. Oh, well. I should be walking or riding my bike over there anyway. That said, I actually think that developing that space will force the various festivals to return to the village centers, like Lake Anne, and breathe more life into those parts of Reston which truly are the heart of Reston. As long as all this big development stays over near RTC and away from my townhouse cluster and local village center, I'm content. I have bigger battles to fight, such as golf course redevelopment.
Tammi Petrine February 14, 2013 at 04:38 PM
Go to "reston2020.blogspot.com" or just Google "Reston 2020" for an entry on Golf Course redevelopment. Bring your crying towel and get your pitchforks ready.
Michael February 14, 2013 at 04:43 PM
Well, if there's a garage in the development, you can't claim fewer parking spaces. Let's at least get the facts about it before we have this knee-jerk reaction.
Michael February 14, 2013 at 04:44 PM
I thought RTC was specifially NOT part of Reston, in that they aren't even included in RA? Hard to say what RES envisioned for RTC but probably not a bunch of strip malls and surface lots.
Laura Ramon February 14, 2013 at 06:00 PM
Tammi- two things: 1. Let's just say that the County's attorney's looked at this and said--"Wow, we got it wrong they can develop that land." Wouldn't it be better to have the lion's share set aside as a park? 2nd thing. The article sounds highly speculative-- for all we know the source is John Pinkman or someone else who's sitting around inventing monsters.
taffy/toby February 14, 2013 at 06:23 PM
cannot get to you Karen on news tip ..asking a.Question ...
Karen Goff February 14, 2013 at 06:30 PM
What's your question? You can post it here or email me at kareng@patch.com.
taffy/toby February 14, 2013 at 06:31 PM
no one answering my question...
taffy/toby February 14, 2013 at 06:32 PM
disappointed
Karen Goff February 14, 2013 at 06:40 PM
Again, What is your question?
Lee February 14, 2013 at 06:59 PM
At a value of $27 million, a free surface parking lot makes no sense. The zoning is already in place, so people will generally know what to expect. How it changes the character of the RTC, I don't know. I like the surface lot, but its days are numbered. The RTC is very popular these days. Places like Lake Anne and Tall Oaks; not so much. "Times they are a changing".
Arielle Masters February 14, 2013 at 09:05 PM
Popular? With newbies, maybe. I'd like to see some hard data on RTC residents - how many of them moved to RTC from elsewhere in Reston (ie. folks from Reston who prefer RTC-style development and housing) vs. how many moved to RTC from elsewhere in the immediate area vs. how many moved in from elsewhere. Would also like to see how many folks moving to RTC are coming from similar housing (condos/apartments/packed townhomes) vs. how many are coming from single-family residences. THEN we might know how "popular" RTC really is within Reston, as opposed to how it's being marketed to others.
Karen Goff February 14, 2013 at 09:32 PM
I think he means popular with people who live in all parts of Reston not just moving to Reston Town Center.
Gene February 15, 2013 at 11:35 AM
Yep, worse our input has no influence. I've sold my home moving to a quiter, less congested place in Pleasant Valley, my back yard backs to Pleasant Valley CC, wonder how long before the try to develop that into Homes - Lol! FWIW my home sold in less than a day IMHO now is a good time to sell. - Gene
Orlina Tucker February 15, 2013 at 12:59 PM
That's what we love about living in Reston; we get to live in wooded tranquility without sacrificing the urban amenities RTC offers. IMHO, this characteristic is one of many terrific characteristics unique to Reston that continues to drive housing prices up.
Laura Ramon February 15, 2013 at 01:37 PM
I know a bunch of people who moved from Reston houses to RTC condo's.
Jenn G February 15, 2013 at 01:55 PM
I agree with Orlina (which, I have on other threads, too). I feel fortunate to live in a community that offers both beautiful green space and the RTC. I rarely leave Reston for anything. I am actually looking forward to the Container Store; because that is one of the only reasons I drive to Tysons. I used to live within walking distance of Rosslyn. I always laugh when people say Reston is turning into Rosslyn. Trust me – Reston is absolutely nothing like Rosslyn or Crystal City.
Kathy February 15, 2013 at 04:26 PM
Jenn G: You may not be laughing ten or fifteen years down the road. The Phase 1 revision of the Reston Master Plan calls for 60 million square feet of additional development near Reston's Metro stations, in Town Center and North Town Center. Is that enough to make Reston resemble Rosslyn? Yes. Even 45 million is. And we haven't started Phase 2 which will set out the parameters for redevelopment of our village centers and neighborhoods. It is in your interest to follow the Reston 2020 blog: www.Reston2020.blogspot.com and also to check out the county's website for the Master Plan revision: http://www.fairfaxcounty.gov/dpz/reston/ The county plans for Reston to be very different in the future. Kathy Kaplan
Jenn G February 15, 2013 at 04:50 PM
Don’t worry about me, Kathy. I am well educated in this subject. And, shockingly I remain happy. I am proud to live in Reston and will be proud to live here in the future, regardless of the parking options in the RTC.
Michael February 15, 2013 at 05:01 PM
Kathy, I don't need you to tell me what's in my interest. I am capable of figuring that out for myself. I've read your materials, and I fundamentally disagree with your positions. In fact, I think it's time for those of us who disagree to stop engaging with Kathy and her group on these forums. They've made it clear that they think anyone who disagrees with them is simply misinformed. They don't recognize that it's possible for two people to look at the same set of facts, and yet not reach the same conclusions about what would be best for the community. It's not a matter of our ignorance; it's a matter of having a different vision of what constitutes a strong community in the 21st Century. Whether this is what RES envisioned is, frankly, irrelevant. His last name is "Simon." not "Stalin." Therefore, his plan is not to stand engraved in stone for all time, without regard to the organically evolving tastes and needs of those who come after him. Every time someone expresses a different opinion, they get on their soapbox and act as though all they have to do is tell us the facts.
Laura Ramon February 15, 2013 at 05:58 PM
Well said Michael! And-- anyone who thinks that RES isn't largely in favor of this and most of these development projects doesn't know him.
Gene February 16, 2013 at 12:03 PM
I only care about this fact, the Reston I moved to and lived in for the last 25 years is no longer that Reston. And anyone that thinks their little oasis in Reston is not affected by all the new density is sadly mistaken, you will be affected in many ways. And new residents that like this denisty will affect future vision of Reston. - Gene
Kathy February 16, 2013 at 02:02 PM
It's important for Restonians to know the facts. Many do not. The last RA Board meeting I attended I sat next to a man who had NO idea there was to be massive redevelopment of buildings in the Dulles corridor in Reston. He never receives the Connection newspaper (I'm afraid many people in Reston don't get that newspaper). He had never heard of the Patch. He was completely in the dark. So, Michael, go ahead and open your mouth and roar. Better people than you have done it, and I'm still here posting links to Reston 2020 and the county Special Study webpage. And I will continue to do that. Kathy Kaplan
Java Master February 20, 2013 at 05:13 AM
"Reston was Utopia?" When did that ever happen?
Java Master February 20, 2013 at 05:19 AM
If you don't like the "new" Reston, one can always vote with one's feet and move to an area more to your liking. Selling the house will be easy in this market. And I suspect that lots of people will do this.
JAK July 25, 2013 at 07:16 AM
Late reply, but I used to dwell on Ft. Myer Jenn G, and I for one know perfectly well what Rosslyn resembles, and you are correct in that we are not Rosslyn, as we possess over six times their population. Additionally, that is the entire point: Reston is NOT supposed to resemble it, but we are certainly headed down that path. RTC is a Rosslyn in the making (Already closing in on half the population of Rosslyn itself, and with the same boorish concept of businesses crammed into an even smaller area with not much else) and it's not good. Additionally, everyone I know says the same thing: Skyscraper after skyscraper is going up, and soon enough with metro and the increased density (To the tune of double our current population), it'll be worse in many ways. The whole reason most of us moved outside of the Beltway wasn't to emulate the inside of it. If you enjoy being able to see greenery and the sky without concrete jungle, then Reston has always been THAT place to call home, but it won't be for long if you and others shrug off density increase and overdone development issues. If you want that latter sort of lifestyle then stay in Arlington or Alexandria, because I laugh at those who move out here and expect for others to sudden change their concepts to accept foreign views. You don't see us moving eastward and demanding that Shirlington and Crystal City tear down their structures to support massive increases in open space (Although interestingly enough, Rosslyn is now actually trying to emulate Reston by digging out more free, open space, while we pursue their original folly, blinded by uninhibited growth), so the opposite shouldn't be done here either. Simple and plain.

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