Fairfax County’s population is older, more diverse, and wealthier than it was a year ago.
After a pandemic-induced slump in population and the economy, Fairfax County is showing signs of recovery with increases in population, wages, and housing production, according to a the county’s 2023 demographic report. However, the cost of buying and renting a home continues to rise.
A constrained supply of housing has sent prices soaring in Fairfax County, according to new data from a budding real estate startup.
The county’s median home sales price for May exceeded $1 million — $1,033,550, to be precise — which means that half of the homes sold cost more than that, Tomo reports. That’s a roughly 18% increase from the preceding six months of sales, which averaged $870,000, and it surpasses the median price of $882,000 from May 2023.
A Chantilly-based property management company wants to transform the Fair Oaks Business Park into a 22-acre mixed-use development.
According to Fairfax County records, the project, dubbed Fairfax Crossing, aims to replace the 1980s office park with 706 housing units, 20,000 square feet of retail, a 1.6-acre central park and 2.25 miles of pedestrian walkways.
Developer Cityline Partners got its plan to swap an office building for condominiums in Tysons’ Arbor Row neighborhood past the Fairfax County Planning Commission last week, but concerns about its affordable housing commitments remain a hurdle.
The commission voted 8-1 last Wednesday (May 15) to recommend approval of a 23-story, 240-unit residential high-rise at 7925 Westpark Drive. The lone “nay” came from Hunter Mill District Commissioner John Carter, while Mount Vernon District Commissioner Walter Clarke abstained after arriving late to the meeting.
The Canopy, a planned assisted living community that was once supposed to open in Reston last year, has resurfaced with hopes of attracting a broader range of future residents.
Developer Silverstone Senior Living submitted a rezoning application to Fairfax County on May 6 that would allow it to provide independent living units in the facility at 10819 Leesburg Pike, along with the previously approved assisted living and memory care services.
The developer behind Reston Station celebrated a milestone last week in its construction of a new Marriott hotel.
Comstock held a “topping out” ceremony last Wednesday (May 8) at 1800 Reston Row Plaza for the 26-story JW Marriott Hotel and Residences, the hospitality brand’s first location in Virginia and an anchor for the future Row at Reston Station neighborhood.
New research shows that thousands of Fairfax County and the cities of Fairfax and Falls Church deeds from the early-to-mid 20th century had language barring people of certain races, nationalities, or religions from buying property.
Researchers contend that these practices, known as restrictive covenants, play a major role in the segregation of neighborhoods throughout the county and across Northern Virginia, the effects of which are still evident today.
A redevelopment of McLean Professional Park as condominiums will move forward with Fairfax County’s approval.
The Board of Supervisors gave a unanimous thumbs up on Tuesday (May 7) to property owner T&M McLean Ventures’ proposal to replace half of the office park’s 12 commercial townhouses with 104 for-sale residential units in a single, five-story building.
(Updated at 2 p.m. on 05/10/2024) As the Virginia summer looms, residents of Reston’s tent encampment are preparing for challenges beyond sweltering temperatures.
Many are anxious about the impending installation of no-trespassing signs, which will mark the beginning of a two-week countdown before they must leave the forested area between Inova’s emergency room, the North County Government Center and Sunrise Assisted Living. The encampment stretches across multiple properties owned by Inova and the county.
An Arlington-based developer has proposed demolishing a large office building in Oakton and replacing it with 139 townhomes.
Property owner Flint Hill Propco LLC, an affiliate of Network Realty Partners, aims to replace the 183,000-square-foot office building and the surrounding parking lot at 3201 Jermantown Road in the Flint Hill Office Park, according to an application recently submitted to Fairfax County.
