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Thursday, October 8, 2015

Developers have the Wiehle Avenue Metro surrounded, Washington Business Journal, October 5, 2015

WBJ's Michael Neibauer provides an excellent round-up of the various re-development schemes underway around the Wiehle Metro station, all of them except Comstock's BLVD residential tower in the paper planning stage.  Most of the proposals focus on residential development, not office development, recognizing the huge overhang of vacant or available office space in Fairfax County and across the metro area  (approaching 20%, direct and indirect vacancies and availability).  This is especially important in the Wiehle area where, unlike Reston Town Center, the Reston Master Plan calls for a higher mix of residential than office space and more moderate overall densities.

Here is how the article begins:
Despite Metro’s troubles of late, developers have not lost confidence in the lure of the Silver Line to draw residents to the Dulles corridor.
Case in point: Wiehle-Reston East, where no fewer than eight projects are currently underway, or planned, totaling nearly 3,000 new residential units. . .
Wiehle-Reston East, according to Metro, “continues to be Silver Line’s commuting powerhouse.” The terminus of the line’s first phase surpassed first-year ridership projections, with upward of 14,000 daily weekday users, by far the most of any Silver Line station.
Developers are banking on that surging growth, adding thousands of residential units to an area that, until recently, was largely comprised of mid-rise office and light industrial uses.
One small nit to pick:  Neibauer cites JBG's redevelopment of Reston Heights--"less than a mile away"--as part of the Wiehle redevelopment.   It is, in fact, across Reston Parkway from the soon-to-be built Town Center Metro station and is part of the Town Center transit station area, not Wiehle.

Click here for the rest of this article, including a brief description of each of the eight projects.

 

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