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 …
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Lerner says it has no immediate plans to begin redevelopment of large parcel near Reston Town Center.
While plans for a massive redevelopment at Reston Spectrum were approved by the Fairfax County Board of Supervisors earlier this month, it could take years - even decades - before the Spectrum morphs into the mixed-use development that planners envision. Lerner Enterprises, the owner of the shopping center that runs from New Dominion to Baron Cameron along Reston Parkway, is offering no timetable for redevelopment. The company says it is excited about the future, but has no immediate plans to begin building. “Lerner is pleased that the Fairfax County Board of Supervisors recently approved the redevelopment plans for The Spectrum at Reston Town Center," the statement reads. "The longterm vision is to redevelop the current shopping center …
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9:25 pm on Sunday, February 3, 2013
There's a ton of "affordable housing" in Falls Church, Annandale, and Mt. Vernon corridor areas of the county... any actual facts/numbers to back up your assertion that we have more than anywhere else? more ›
Vision for area from New Dominion to Baron Cameron is high-density, mixed-use Reston urban core.
The Fairfax County Board of Supervisors on Tuesday unanimously approved the plans for redevelopment of Reston's Spectrum Center, ensuring that the Reston of the future will have Reston Town Center-like development from the Dulles Toll Road (and future Metrorail station) to Baron Cameron Avenue. "This plan coming in gives the community a picture of what the Town Center core will be and subsequent development that will take place," Hunter Mill Supervisor Cathy Hudgins said at the BOS public hearing. The plan for the Spectrum includes 774,879 square feet of non-residential use; 1,422 multifamily residential units (with 12 percent set aside for affordable housing) in seven new residential buildings; 38 percent open space; underground and …
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4:03 pm on Tuesday, January 15, 2013
During the week on my day off I use to go to the Reston Town Center to shop. Now I avoid the RTC during the week. The parking stinks now. I got tired of driving around looking for parking. The only parking left is in one of the garages on the very top level and that is almost full. I just go to Dulles Town Center or Tysons. Always plenty of parking. However with the developers eating up all the … more ›
Big box stores need to do a big business in order to sign a big lease.
I am a writer. So, naturally, I am a reader. I taught myself to read and devoured Ramona the Pest and the Little House books before kindergarten was over. My husband is impressed that if I like a book, I can plow through 500 pages in a weekend. Like many people in Reston, I could spend many a day at Barnes & Noble and the late Books-A-Million browsing, flipping, reading and buying. But lately? Not so much. I don't think I have made more than a handful of purchases in the last two years. Much like music and news, books have become personal. We can pick the music we like and send it right to our phones and iPods. An entire library can be stored on an iPad. All you have to do is hit a search button and the name of that book that you heard …
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10:40 am on Sunday, May 12, 2013
Unlike the closing of Books A Million, this business decision had nothing to do with the current trends in the book market. The Reston B&N was always packed with customers. It provided a great excuse to visit that part of Reston as it provided a wonderful experience to residents of all ages. If the owner of Spectrum thinks he'll get the same sustained traffic for the Container Store, he's … more ›
The Container Store will open in bookstore space as Spectrum gets ready for new look and expansion.
Reston's Barnes & Noble will close its doors in February 2013. The lease for the longtime tenant at The Spectrum shopping center was not renewed. Lerner Enterprises, which owns the shopping center, says The Container Store will take over the 25,000-foot space in the fall of 2013. Barnes & Noble has shuttered many brick-and-mortar stores nationwide over the last two years as more people turn to iPad and e-reader books. As of now, there is no plan to open another location nearby. David Deason, Vice President of Development at Barnes & Noble, said the company wanted to stay in Reston and was willing to pay more to do so. “We tried extremely hard to come to an agreement with the property owner to extend the lease at our Reston location, but …
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Java Master
12:19 am on Wednesday, February 20, 2013
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. more ›