The Fairfax County Board of Supervisors has approved plans for redeveloping the 40-acre Prosperity Business Campus, located between the Mosaic District and Dunn Loring Metro station, in Merrifield.
Developer EYA has proposed two options for replacing the existing office park: one with about 1,700 residential units or another with about 1,900 units. Both would include a small amount of retail space and more than 5 acres of publicly accessible parks.
Two developers are hoping to build a significant amount of new housing on a 41-acre area in Centreville that is currently home to four office buildings.
On the heels of Fairfax County approving an updated long-term vision for a large part of the Centreville area, affiliates of developers Stanley Martin Homes and JLB Partners filed a rezoning application in early September offering two options for redeveloping the Trinity Centre office park.
Fairfax County saw a slight decline in home prices and a more substantial drop in overall sales in August, as buyers pulled back in the wake of increased interest rates.
According to one key regional analyst, that could be the precursor to a sluggish remainder of the year.
Some of the latest development proposals underway in the City of Fairfax include an 11-story building that would be among the tallest in the city, and an office building that may include “live-work” units.
During a work session on Sept. 1, council members got a preview of three new developments that would bolster the city’s housing supply. The pre-application hearings gave the property owners and developers an opportunity to hear feedback from the council and make adjustments before officially submitting their initial plans.
Association Drive’s long-contemplated transition from office park to mixed-use neighborhood could start with townhomes.
An affiliate of the home builder Toll Brothers is seeking to redevelop the office building at 1902 Association Drive in Reston with 54 rear-loaded townhouses, according to a rezoning application submitted to Fairfax County on Aug. 31.
Another office-to-residential redevelopment is coming to Fairfax County.
At its meeting last week (Aug. 25), the Board of Supervisors unanimously approved a rezoning for Arlington-based Felice Development Group to replace an office building near the Innovation Center Metro station with 98 townhouses.
Dozens more townhomes could soon boost Reston’s housing supply after two different projects received final approvals from the Fairfax County Board of Supervisors in recent weeks.
At its meeting on Aug. 25, the board unanimously approved an amendment to the development plan for Isaac Newton Square that will allow 24 townhomes on a 1.5-acre site in the northeast corner of the office park in place of a previously anticipated 180-unit multifamily residential building.
Median apartment rents across Fairfax County in August were down 1% from a year before, but remained well above pre-Covid levels.
Median rents for the month stood at $2,073 for one-bedroom units, $2,401 for two bedrooms and $2,419 overall, according to figures reported Aug. 28 by Apartment List.
Later this month, Fairfax County officials will consider a proposal to bring more housing to the Kingstowne Towne Center near Alexandria.
At its meeting on Aug. 25, the Board of Supervisors deferred a public hearing on developer BXP’s application to convert an existing office building into a 280-unit housing complex until Sept. 15.
The owner of the vacant Sheraton Tysons Hotel is rethinking its plans for the property, which has been sitting untouched more than two years after Fairfax County leaders approved a conversion.
JBG Tysons Hotel LLC, a fund managed by Bethesda-based developer JBG Smith, still wants to turn the approximately 7.66-acre site at 8661 Leesburg Pike near the Spring Hill Metro station into housing, but instead of retaining the hotel’s shell, the Tysons West developer is now seeking the county’s support for a full demolition.
