The transformation of Fannie Mae’s former office campus in Reston into a residential community is progressing rapidly.
Construction has been completed on the first townhouse building in Sunset Station, the new neighborhood at 11600 American Dream Way, developer Wheelock Communities announced this week, noting that residents have now moved into those eight units.
Work has also finished on a community playground, and construction is nearing completion on several pedestrian and infrastructure improvements, including walking trails around a pond on the approximately 29-acre site, sidewalk connections, interior street paving and retaining walls.
“Watching the first families move into Sunset Station is exactly the moment we have been working toward for the last few years,” Wheelock Street Real Estate Services Senior Vice President Mike Eves said in a press release. “This community represents the very best of what Reston offers with walkable paths, a playground for play dates, and beautifully designed homes steps from the Metro and Reston Town Center.”
Under construction since fall 2024, Sunset Station will ultimately consist of 82 total homes — 74 traditional townhouses and eight two-over-two multifamily units.
Construction is underway on another four townhouse buildings expected to be delivered this fall. While the development is on track to be substantially completed in December, work on individual residential buildings will continue through next year into 2028, a Wheelock spokesperson told FFXnow.
Priced at over $1 million, the homes come in two floor plans with three to five bedrooms, 2.5 to 4.5 bathrooms and two-car garages. The traditional townhouses are three stories tall with an option for a fourth-story loft featuring a rooftop terrace, according to Dream Finders Homes, which partnered with Wheelock on the project.
The redevelopment was approved somewhat controversially by the Fairfax County Board of Supervisors in August 2022, despite objections from some area residents and county staff, who took issue with the retention of a security gate on American Dream Way that could limit public access to the site.
As construction continues on the approved blocks of Sunset Station, Wheelock has turned its attention to a new phase of development, submitting plans to Fairfax County in February for another 150 stacked townhomes.
Those residences would replace the nine-story, 400,000-square-foot office building that Fannie Mae had occupied since 2003. The mortgage financier relocated its local operations to Reston Town Center in 2021.
Wheelock finished demolishing the office building in February and an accompanying parking garage in May.
“Reaching the substantial completion of demolition is a significant step in preparing the site for the proposed future residential development,” Wheelock said. “The site construction continues with backfilling and stabilizing the area and recycling the concrete that was demolished, with the goal of finalizing the backfilling and recycling by end of 2026.”
According to Wheelock, its submitted Phase 2 plans include an “internal grid of streets, open spaces and pathways” that will provide connections to the first phase of Sunset Station, nearby walking paths and the Washington & Old Dominion Trail, and Reston Town Center.
The rezoning application is currently under review by county staff in conjunction with a comprehensive plan amendment study authorized by the Board of Supervisors in June 2025. No public hearings have been scheduled on the proposal yet.
Dan Green, principal of Wheelock Street Capital, the real estate investment firm behind Wheelock Communities, thanked Reston residents in the neighborhoods surrounding Sunset Station for their “patience and support” during the “complex transformation” of the former office campus.
“The successful demolition of the former office building and garage enables re-envisioning the future of this site,” Green said in the press release. “What was once an obsolete, single-tenant corporate campus is proposed to become a vibrant, connected residential neighborhood designed to showcase how Northern Virginia can thoughtfully convert underused office space into much-needed housing that fits seamlessly into the surrounding residential communities.”
