Reston Spring

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Showing posts with label Boston Properties. Show all posts
Showing posts with label Boston Properties. Show all posts

Thursday, April 21, 2016

The Reston Performing Arts Center: Placemaking or Profit Taking



In what now seems like the distant past of the Reston Master Plan Task Force’s work on Phase 1, members of the task force had a head-snapping moment in one meeting about 2012 when Boston Properties’ Pete Otteni committed Boston Properties to building a performing arts center across the street from the Town Center Metrorail station.  People would actually be able to take the Metro to Reston and walk a short distance to a major theater and see a top-tier stage performance—drama, musical, ballet, opera, you name it!  No one expected Boston Properties to step up and make an unsolicited offer to build a major theater for Reston and the region.

The building of a major performance center was an idea the Reston 20/20 Committee offered in in its paper “Planning World-Class Transit-Oriented Development in Reston Town Center: The Community’s Alternative Vision.”   Reston 20/20 said, “We envision the Reston performing and fine arts center sitting directly south of the Metrorail exit, enabling ready theater access. The center would comprise a substantial performance hall--one seating on the order of 800-1,200 people, a second small (possibly “in the round”) theater for experimental and educational purposes. . . Whether integrated with the performing arts facility or not, the fine arts portion of the center would be large enough to house a quality permanent collection as well as host temporary exhibitions of world-class art. It should also house artist studios and art class rooms on the upper level(s). The studios, in particular, should face south and be open to natural light. It would probably be about the physical size of the National Postal Museum (75,000 SF) in Washington, DC. The fine and performing arts center would adjoin a large park-like plaza with trees, shrubs, benches, and possibly a sculpture garden that could include an underground parking garage beneath the park area that would serve commuters and arts center audiences alike. We anticipate such a theater-museum complex would require about 200,000GSF of development.”

And that offer showed up in Boston Properties’ presentations after the Reston Master Plan was approved.  In a series of presentations to the regional business community, Mr. Otteni presented a concept plan for the development of the area just north and west of the Town Center Metro station featuring a large circular theater just feet from the station entrance.   (See below.)  It appeared that Boston Properties was going to follow-through on Mr. Otteni surprise commitment to the Reston Task Force.  



And then, poof, the proposal was gone.  At the April 20th “Reston . . . Blueprint for the Future” community open house sponsored by Supervisor Hudgins, Boston Properties had a new concept plan rendering with nary a sign of any planned proposed performance center.  When asked about the absence of the performance center, Mr. Otteni said that the area (“RTC III”—gray in the rendering above) was the most valuable land in Town Center and that the County had agreed to build a performance center in Town Center North.  Town Center North is, of course, a mile from the station and Mr. Otteni pointed out it would be served by shuttle buses, just like the Kennedy Center.  

Subsequently, we checked with a representative of Supervisor Hudgins’ office who said she was unaware of plans to build a performing arts center in Town Center North.  We joked that TCN would be quite crowded with all the County facilities proposed to be built there.  I told her that a knowledgeable attorney told me at the open house that there had been some kind of agreement between the County and Boston Properties to build a performing arts center near the Metro station, but that the agreement had expired.  The Hunter Mill representative was unaware that any such agreement had existed.  Nonetheless, she offered to follow up to find out any details.  

So, not only does it appear that a major performing arts center will not be within easy walking distance of the Town Center Metro station, it also means that, if one is built, it will likely be built by/for the County in Town Center North.  And that almost certainly means that it will be managed by the Reston Community Center and funded through added Reston Special Tax District #5 taxes.   To build such a major performance facility would require a huge investment and large operational expense, especially with the many parameters RCC has already laid out as requirements/features of such a performing arts center.  The prospective impact on STD#5 tax rates would be huge.   Of course, as usual, none of this will be publicly disclosed until it is too late for Reston taxpayers to stop if from occurring. 

NOTE:  When or if we obtain additional information on this situation, we will update this post and write new ones. 

Tuesday, May 13, 2014

Boston Properties didn't get the word: They want to TAKE park space in Town Center.

Important Update:  The BP proposal will not be discussed at Monday's Reston P&Z Committee hearing as noted below.  The next opportunity for your public input will be at the County Planning Commission hearing on June 11 at 8:15PM.  The following from the Hunter Mill Highlights newsletter provides the relevant information:

Block 4 LLC and Reston Town Center Property LLC (Affiliates of Boston Properties) have filed development Plan Amendment (DPA 85-C-088-07), Proffered Condition Amendment (PCA 85-C-088-09), and Planned Residential Community (PRC 85-C-088-03) plan to develop what is currently a surface parking lot and redevelop a portion of the existing low-rise office and retail in the Town Center Urban Core with a mix of residential, office and retail/restaurant located at Fairfax County Tax Map as 17-1 ((16) Parcels 1 and 4, and 17-1 ((16)) Parcel 5A.  The Planning Commission public hearing is scheduled for June 11, 2014 at 8:15 p.m.
To sign up to speak at this public hearing, please follow these instructions on the Fairfax County website.  

The minutes of the last Reston Planning and Zoning (RP&Z) Committee, March 31, 2014, describe a presentation by Boston Properties (BP) to the RP&Z to build a high-rise residential structure on the current surface parking lot in the northeast corner of Town Center.  As part of that development, BP wants to take 60' linear feet--one-third--of the adjoining President's Park, land it had previously committed to sustaining as park space.  And, oh yes, why not add 1,000 parking spaces in this so-called transit-oriented development. 

BP is making a fool of County decision makers who say they want transit-oriented development (TOD), but are unwilling to limit parking growth or ensure adequate park or other open space, and the community in which it operates by acting as if it answers to no one but its shareholders. 

Here is the area we're talking about:


Here are the minutes of the March 31, 2014, including the BP presentation discussion.  There were a number of questions by members of the RP&Z on the park taking and other development issues that are inconsistent with the plan for the development of Reston's station areas.  The section on pp. 2-4 highlighted by a box text include the BP discussion.




The whole BP presentation and Q&A point out unequivocally that BP cares nothing about the community its properties are in; only about the profits those properties might make.  Moreover, it can not be trusted to keep its word about a matter as straightforward as setting aside land for parks in urbanizing areas.  

More generally, BP's actions raise a legitimate question about whether the County can trust developers to honor their commitments in proffers to preserve park land for public use.  From BP's example, it appears that we can not.  Moreover, it points strongly to the need of the County to use more stringent measures to acquire public ownership of needed park land, including the use of eminent domain, rather than trusting development companies to meet public needs.  

While no RP&Z recommendation has yet been made on this project, the Reston community must step up and express its concern, if not outrage, as this proposal.  The next opportunity to do so will be at next Monday's RP&Z meeting, 7:30PM, Monday, May 19, 2014, at the North County Government Center Community Room.

For earlier reporting on this proposal, please read these news articles presented in chronological order:
Not surprisingly, none of these articles mention the taking of Reston urban park land to build high-rise buildings.  Do you suppose that BP really didn't want the public to know about their plan until they had to go through the re-zoning approval process???


Wednesday, August 3, 2011

Boston Properties View on Reston Town Center Market in the Second Quarter

The following is an extract from Boston Properties Earnings Call to market analysts on August 2, 2011.  Doug Linde, President of Boston Properties, is the person speaking.  A special hat tip to Seeking Alpha, a major finance, market, and economics blog, for its publishing of this transcript. 

D.C. had a sort of a light quarter with respect to signed leases, but we did complete another floor at 2200 Pennsylvania Avenue, and we're negotiating leases in Northern Virginia involving almost 300,000 square feet of space. And we're in discussions actually with a tenant for a 250,000 square-foot of bill pursuit in Reston.

Now this activity is not coming from Homeland Security or Defense, it's coming from telecommunications companies, digital marketing companies and the construction and engineering industries, which are flourishing in the D.C. region, and they're really not associated with the budgetary issues of the U.S. government.

The gap in achievable rents and concession levels and activity in Reston Town Center is widening more and more against the other total markets, and we're probably over $10 a square foot in pure rental rate between Reston Town Center and those buildings just outside the core. . . .

Saturday, September 18, 2010

Defense Intelligence Agency signs massive Reston lease with Boston Properties, Washington Business Journal, September 13, 2010

The Defense Intelligence Agency has signed a 523,482-square-foot lease at Boston Properties’s Patriots Park in Reston, with plans to fill the entire two-tower property by 2013.

The agency, which works with the Pentagon on intelligence about foreign threats, will take space in the offices at 12310 and 12300 Sunrise Valley Drive under a 20-year lease and will gradually move into it, starting with 270,000 square feet in 2012. DIA workers will move into the remaining 250,000 square feet in May 2013.


Read more: Defense Intelligence Agency signs massive Reston lease with Boston Properties - Washington Business Journal

Tuesday, August 3, 2010

Boston Properties to Build Apartments in Town Center, CityBizList.com

. . . On July 1, 2010, the company (Boston Properties) acquired the mortgage loan collateralized by a land parcel located in Reston, VA for approximately $20.3 million. . . . The 2.5 acre site, directly adjacent to the REIT's new developments in Reston Town Center, is zoned for 360 apartments. Linde said they may in fact develop additional apartments on this parcel in the very near future. . . .


For the rest of this article on recent Boston Properties actions, click here.