The countdown for the Metro Silver Line that connects Washington DC, Fairfax county and Loudoun county has already started. The completed Silver Line will stretch from the Largo Town Center in Maryland to Ashburn through a total of 34 Metro stations providing riders in Fairfax and Loudoun counties full access to the 118 miles of Metro rail service throughout the metropolitan area. The Silver Line is already having an impact on real estate prices in many of our areas such as Mclean, Reston, Herndon and Ashburn.
Notable new projects in Northern Virginia are:
CAPITAL ONE CENTER –
5.4 million square feet of development, including a 470-foot-tall headquarters, more than 3 million square feet of office space, a 1,600-seat performance center, a corporate hotel and ground floor retail, including a new Wegman’s market near the McLean Station.
THE BORO –
2.3 million square feet of office space, 680 residential units across three residential towers, a 15-screen ShowPlace Icon movie theater, and retail space including a Whole Foods Market in Tysons.
THE MILE –
A recently approved 10-building, 3 million-square-foot mixed use development including residential, retail, storage, office, a hotel and five-acre public park spread over a 38-acre site in Tysons. The plan also includes demolition of nine existing buildings at the site.
RESTON STATION –
Already under construction with 800,000 square feet of office space, 450 residential units and 120,000 square feet of retail at the Whiele-Reston Metro station.
CAMPUS COMMONS –
Also at the Whiele-Reston station, a nearly 12-acre development with a 14-story office building, including an additional 26,000 square feet of retail, two multi-family buildings totaling 629 residential units, the creation of a community playground and the redevelopment of two other office buildings built in the 1980s.
HALLEY RISE –
Approved for 1.5 million square feet of office space, 1,500 apartments and 380,000 square feet of retail near Reston Station, including a Wegman’s market and an entertainment center with bowling and bocce.
RESTON GATEWAY –
2.2 million square feet of office space, about 2,000 residential units, 162,000 square feet of retail and a 570-room hotel north of Reston Town Center.
The area around Dulles International Airport is more likely to attract new hotel and entertainment uses. Development plans west from Reston focus on enhancing Loudoun County’s existing infrastructure to allow further residential and commercial development over time as well as adding to Loudoun County’s status as the nation’s leading hub for data centers.