Tuesday, May 24, 2016

Developer Plans Massive Mixed-Use Project in Reston

Brookfield Properties has plans to construct a massive mixed-use complex at its office park in Reston, Virginia. The developer has filed a proposal with Fairfax County to rezone two of its existing office properties to allow for the development.

The company is seeking the change for its two office buildings known as One and Two Reston Crescent, which are at the corner of Reston Parkway at 12000 and 12018 Sunrise Valley Dr and were constructed in 2007.

Brookfield’s plans call for 2,260 residential units, 1.8 million square feet of offices, and at least 64,000 square feet of retail. A 160-room hotel could also be part of the final plans.

The site is about a half-mile from the future Reston Town Center Metro station, which is scheduled to be up and running in late 2019.

One and Two Reston Crescent are in the Reston Town Center Transit Station area and designated Transit Station Mixed Use.

Development in that zone typically seeks to retain a 50/50 mix of residential and nonresidential uses at a relatively low-density 2.0 to 3.0 Floor Area Ratio.

The location is about one-half mile from JBG Companies’ Reston Heights, where the second phase of development is under construction.

VY will include 498 residential units; 145,000 square feet of above-grade retail, 100,000 square feet of below-grade retail and 428,225 square feet of office space.

It is also less than a half-mile from Reston National Golf Course, which is also seeking a zoning change to allow for large-scale development.


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