Reston Town Center: 08/2016 Market Report
08/09/2016: Reston Town Center Announces Huge Change to Parking in the Area
Paid parking will begin in Reston Town Center on 09/12/2016. Parking fees will not be charged on weekends and during special events.
Reasons for paid parking include:
Increased use of RTC parking by commuters using the Wiehle Metro station which limits parking for patrons. This issue will only get worse as the second phase of the Silver Line is constructed by 2020.
Improve parking experience through ParkRTC technology
Support ongoing operating costs to maintain a high-quality, world class experience that will benefit customers, retail, and office tenants.
Maintain consistency with RTC’s original long-term plan for the community.
Local residents voiced their concern over the change and brought forth a petition of 6,000 signatures.
Real Estate Development
08/05/2016: Reston’s Future Tallest Tower Has a Name: One Reston Town Center
The Fairfax County Board of Supervisors has approved plans for Reston’s tallest building, One Reston Town Center. The 23-story 420,000 sqft office tower is going to take the place of the Weichert building on Reston Parkway.
The building will offer tenants panoramic views extending from downtown Washington, DC to the Blue Ridge Mountains. The building will feature a six-story glass enclosed atrium lobby, a 30,000 square-foot landscaped, outdoor plaza on the seventh floor, and a rooftop lounge and terrace that complement sophisticated design elements and flexible floor plans.
8/24/2016: Development of The Signature is Underway
The Signature consists of two new residential towers: 21-story West Tower and the 19-story East Tower; a six story North Low-Rise Component containing two-story apartments; and a six-story South Low-Rise component containing one level apartments.
This 1.2 million sqft project will deliver 508 apartments and amenity spaces, including a rooftop pool. The covered garage will offer below- and above-grade parking for 1,200 vehicles.
08/01/2016: ICYMI: Reston core to expand southward as JBG advances major additions for RTC West
JBG Companies is proposing to overhaul a 14-acre office park and transform it into a pedestrian-friendly development with restaurants, retail, and additional office/residential space. This development is located a quarter mile from the planned Reston Town Center Metro station.
08/11/2016: ChalkFest Returns to Reston Town Center
ChalkFest will be held in Reston Town Center from 9/9-9/10.
Professional artists, amateur artists, families, and kids of all ages are welcome to create murals on the pavement of Market Street with chalk.
Notable August Sales
1700 Lakeshore Crest Drive #25
List Price: $324,900
Close Price: $315,000
11800 Sunset Hills RD # 826
List Price: $434,927
Close Price: $434,927
1732 Ascot Way # J
List Price: $229, 900
Close Price: $222, 500
11990 Market Street #1516
List Price: $465,000
Close Price: $450,000
12000 Market Street #307
List Price: $489,000
Close Price: $470,000
Featured August Listings
1830 Fountain Dr. #706
List Price: 599,000
Chancery Station Circle
12154 Chancery Station Cir.
Reston, VA 20190
List Price: $940,000
11990 Market St #1511
List Price: $899,000