Top 10 Stories From Around The Web: Fairfax County
1. New York City-based Tishman Speyer filed a proposal in December for a revamped Reston Crossing, a 14-acre, 1.9M SF, mixed-use development with up to 1M SF of office, over 1,000 residential units and about 30K SF of retail.
2. The Fairfax County Board of Supervisors is giving Reston residents concerned about explosive development an opportunity to voice their objections to the proposal to increase density limits. Hearings are in April and May.
3. The Reston Planning and Zoning Committee voted against Renaissance Centro's plans to build a 20-story, 150-unit high-rise at 1801 Old Reston Ave. near Reston Town Center.
4. The 300-acre Lorton Reformatory, which served as a prison in southern Fairfax County for over 90 years, is being redeveloped as a mixed-use community.
5. Adding seven new craft breweries in the last three years and enacting brewery-friendly zoning in 2017, Fairfax County has a budding craft beef industry that may soon rival neighboring Loudoun County.
6. Flat rents and slow lease-ups could signal multifamily supply gluts in Reston and Tysons, developers warn.
7. Gerald Halpin, the first developer to build in Tysons, founder of over 100 real estate ventures and the visionary behind the Silver Line, died in August at 94.
8. Passco Cos. bought The Parker, a 360-unit apartment complex in Huntington, Virginia, from MRP Realty and AEW Capital Management for $113M last fall.
9. Washington, D.C.-based pizza chain &pizza now has 26 locations, one of which opened in Tysons Corner Center in November.
10. AEW Capital Management sold its 149K SF Tysons office building for $34.5M in December.
