Reston, VA Development
Over the next 3-5 years we will see tremendous changes to the Reston, VA area. With the expansion of the silver line to Reston Town Center, developers have planned for many new buildings to accommodate the anticipated growing demand. Below is a picture of all development plans. I also elaborated on a few noteworthy buildings. Buy in Reston now! There is a lot of growth and you wouldn't want to miss a good opportunity!
18 – Reston Gateway – Reston Gateway will cover nearly 4 million sqft near the new Reston Town Center Metro Station, set to open in 2020. Mix of office, residential, hotel, and retail on between 20-30 acres at Sunset Hills Road and Reston Town Center Parkway. A pedestrian bridge is proposed over Sunset Hills Road to connect the property to the future Metro station, with a “Gateway Plaza” that may include retail and a “noteworthy restaurant.”
19 – Spectrum Development – When Reston Town Center was planned in the late 1980s, the plan was for a town center-like area to expand all the way down Reston Parkway to Baron Cameron Avenue. However, the development climate was not ripe for such a project in the early 1990s, so The Spectrum was developed in a strip-mall fashion and leased to big box stores such as Barnes & Noble and Best Buy. Now, with the Metro expansion to Reston, this development effort looks more promising. The plan for the spectrum is to have 1.5M sqft of mixed use development that will include a 7-story hotel, 10 story office, two residential towners, 200,000 sqft office, and expansion of Harris Teeter.
20 – 1760 Reston Parkway (One Reston TownCenter) - Reston’s tallest tower will be 23 stories high, 330ft tall and 420,000 sqft.
24 – 1801 Old Reston Avenue – Replacing the existing three-story 29,200 sqft office building, this 20-story, 150-unit condo building will be the first for-sale condo building since the Midtown was completed in 2007.