Boston Properties Inc. has acquired a 50% interest in the former offices of Fannie Mae in Herndon.
The developer, whose properties include Reston Town Center, paid roughly $17.3 million for the acquisition of 12310 and 13150 Worldgate Drive, according to its first quarter earnings report.
Both buildings have been vacant for years, poising Boston Properties for a joint venture that includes redeveloping the property for residential use, according to an April 26 earnings call. Washington Business Journal first reported the news.
The tentative plan calls for demolishing both buildings and using a portion of the garage for a 349-unit rental and for-sale housing development, according to Boston Properties CEO Owen Thomas.
Boston Properties would act as the developer of the project alongside Artemis Real Estate Partners. MRP Realty and Artemis paid around $45 million for both properties in 2018.
Development likely won’t kick off until next year.
“Additional new acquisition opportunities will undoubtedly grow in this environment,” Thomas said. “We will remain highly opportunistic and solely focused on premier workplaces, life science and residential development.”
Fannie Mae’s former campus on American Dream Way in Reston is also being eyed for redevelopment. Developer Wheelock Capital recently resubmitted plans to Fairfax County after an earlier approval was voided due to a late payment.
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Potomac Harmony Chorus has a new director! We’re ready
to kick off the season with new music, a new approach, and YOU!
Potomac Harmony is one of 500 choruses in Sweet
Adelines International. We’re a vibrant,
contemporary, inclusive, welcoming, and open community of women singers who
perform four-part harmony, barbershop style, committed to a high level of
achievement through teaching, mentoring, personal growth, and performance. Our vision is to entertain, educate, and
enrich lives through musical expression while promoting the barbershop art
form.
Potomac Harmony recently had our first performance
with our new director, receiving rave reviews! We invite you to stop by any Wednesday
evening and be part of the fun and harmony!
The Dragons Concord is now open at 11215L Lee Highway, Fairfax, VA 22030! After some delays with construction, we’ve finally opened our doors and are accepting tabletop gamers of all types to come down and enjoy our tailored gaming space.
We have 7 tables exclusively dedicated to TTRPG and Miniature wargaming, including 3 custom gaming tables in their own private, themed gaming rooms. This isn’t the normal game store and while we do have a selection of harder to find retail in the back, our focus is on providing play space and gaming services such as an active roster of storytellers with regular scheduled games you can book through our website or Meetup (www.meetup.com/dragons-concord-gaming).
If you’ve been wanting to get into tabletop or miniature gaming, but haven’t because you couldn’t find a group or a comfortable place to play, come down and check us out!
Army Birthday Festival – Free and Fun
Make Saturday, June 10, 2023 a great day!
Come celebrate the Army Birthday Festival at the National Museum of the U.S. Army from 9:00 a.m. – 5:00 p.m. Rain or Shine!
• Experience outdoor and indoor fun activities, for all
Unveiling of West Ford historical highway marker
Gum Springs will be celebrating 190 years of its founding by freedman West Ford on Saturday, June 17, 2023. To kick-off the celebration, there will be an unveiling of a Virginia historical highway marker for West Ford on Fordson Road
