In a termination letter, the developer cited “significantly higher construction costs and recent interest rate hikes” as the primary reason for ending the agreement. The team also stated that a 24% increase in the project’s overall costs — which would have delayed the completion of the site.
The Fairfax County Redevelopment and Housing Authority had approved an interim agreement with the developer in October to build up to 350 affordable apartments and a 40,000-square-foot Reston Regional Library on FCRHA-owned property at the intersection of Bowman Towne Drive and Town Center Parkway.
That leaves the county’s existing affordable housing at Bowman Towne Court in limbo. The construction of a new Reston Regional Library will also be delayed by several years, according to the county. Both facilities are at the end of their useful life.
Hunter Mill District Supervisor Walter Alcorn said the withdrawal offers the public sector a chance to lead the redevelopment process in the future.
“The withdrawal of the unsolicited proposal under PPEA provides an opportunity for the public sector to better define the redevelopment approach for this site — instead of reacting to a developer’s ideas for highest and best use,” Alcorn wrote in a statement. “Our pressing public needs have not changed — starting with a new regional library, a new shelter, updated and more affordable housing.”
Until a future redevelopment plan is identified, the county’s housing authority will maintain its units on the site. Fairfax County Public Library is also evaluating how to meet the immediate challenges of its aging building.
“It is anticipated that a new library would be built through a public-private partnership in order to leverage a $10 million bond that voters approved in 2012. The existing library is at the end of its useful life, and a new building is urgently needed,” the county says.
Fougler-Pratt was the first to offer up the proposal to the county — a process that was publicly questioned by developer Norton Scott, which hoped to submit a competing proposal for consideration.
County housing officials anticipate that the location’s redevelopment is “inevitable,” given its proximity to the Reston Town Center Metro Station.
FCHRA will now prepare to seek redevelopment proposals for the project.
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Dreaming of small-town charm with big-city convenience? Look no further than 7156 Main St in Clifton, Virginia! Nestled just 30 miles from the heart of Washington D.C., this picturesque property offers the best of both worlds.
Escape the hustle and bustle of the city to find tranquility in this quaint, historic town. With its tree-lined streets and friendly community atmosphere, Clifton is the perfect place to call home. Yet, with its close proximity to the nation’s capital, you’ll never be far from the excitement and opportunities of urban living.
Imagine weekends exploring local shops, dining at charming cafes, and enjoying outdoor adventures in nearby parks. Then, commute to D.C. for work or play, soaking in all the culture, entertainment, and career opportunities the city has to offer.
Great Clips at South Lakes Village Center (Reston, Virginia) is seeking hair donors to participate in the Wigs for Kids program this Valentines Week. If you meet the minimum requirements and would like to donate your hair for children fighting cancer, we would love to host you in our salon this Valentine’s Week for a free haircut.
Hair donations must be a minimum of 12 inches
Hair donations must be clean and stored/packaged completely dry.
Hair donations cannot be permed, color-treated, or highlighted.
Temporary coloring or highlights that wash out are acceptable but must be completely washed out before cutting. Gray hair is accepted.
Participate in the 32nd Annual Van Metre 5K Run, a race that goes further than 3.1 miles, and every stride you take supports Children’s National Hospital. The Van Metre 5K Run donates 100% of proceeds to Children’s National Hospital and