Reston Town Center

Skymark Tops Out as Tallest Residential Tower in Capital Region

Retrieved on:

Friday, October 20, 2023

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RESTON, VA, Oct. 20, 2023 (GLOBE NEWSWIRE) -- On October 19, Clark Construction Group joined representatives from BXP to celebrate the topping out of Skymark Reston Town Center, the tallest mixed-use residential tower in the Capital Region.

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RESTON, VA, Oct. 20, 2023 (GLOBE NEWSWIRE) -- On October 19, Clark Construction Group joined representatives from BXP to celebrate the topping out of Skymark Reston Town Center, the tallest mixed-use residential tower in the Capital Region.
The project is part of the next phase of BXP’s new transit-oriented development that expands Reston Town Center in Fairfax County, Virginia.
The residential high-rise will deliver 464 units and is built over a podium containing ground-floor retail, 44 loft-style residential units, and 80,000 square feet of office space across four stories.
Skymark comes on the heels of the successful delivery of 1950 and 2000 Opportunity Way, the first two office buildings at the expansion of BXP’s Reston Town Center.

Fogo de Chão Continues Expansion in Virginia Adding First Location in Richmond

Retrieved on:

Wednesday, September 20, 2023

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The bustling suburb of Glen Allen attracts many residents and visitors alike with its unique combination of urban conveniences, natural spaces and a relaxed pace making it an ideal location for Fogo’s newest Virginia location.

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The bustling suburb of Glen Allen attracts many residents and visitors alike with its unique combination of urban conveniences, natural spaces and a relaxed pace making it an ideal location for Fogo’s newest Virginia location.
The announcement for a location in Richmond supports the brand’s continued 15% annual restaurant growth across the United States.
"Following the success of the Reston location, we were eager to bring another location to Virginia.
"We look forward to welcoming guests in Richmond soon to give them culinary discoveries you can’t find at any other restaurant."

Van Metre Companies Managing Crimson Partners’ New Luxury Multifamily Makers Rise - Dulles Corridor

Retrieved on:

Tuesday, August 22, 2023

Van Metre Companies announced it is the contracted property management company for the new Makers Rise apartment community located in the fast-growing Dulles Corridor area of Herndon, VA. “We are thrilled to be partnered with Crimson Partners and are looking forward to the successful lease-up of Makers Rise.

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Van Metre Companies announced it is the contracted property management company for the new Makers Rise apartment community located in the fast-growing Dulles Corridor area of Herndon, VA. “We are thrilled to be partnered with Crimson Partners and are looking forward to the successful lease-up of Makers Rise.
The high-density, mixed-use community includes more than 5,600 square feet of ground-floor retail and restaurant space and will add another public park to Dulles Station.
As part of its delivery, Makers Rise will be unveiling several new pieces of art by local artists, each commissioned exclusively for the property.
“I’m particularly excited about ‘The Goddess Techne’ being placed in the Makers Rise community.

The St. James Performance Club Extends Pickleball Amenities to Membership Offering and Reston Community

Retrieved on:

Tuesday, July 11, 2023

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RESTON, Va., July 11, 2023 /PRNewswire/ -- The St. James , the premier sports, wellness, and active entertainment destination in the country, announced today its expansion to include pickleball amenities for The St. James Performance Club Reston members and the Reston community.

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RESTON, Va., July 11, 2023 /PRNewswire/ -- The St. James , the premier sports, wellness, and active entertainment destination in the country, announced today its expansion to include pickleball amenities for The St. James Performance Club Reston members and the Reston community.
The St. James Pickleball Club provides access to four rooftop pickleball courts and an outdoor high-performance turf.
The St. James Pickleball Club is located within the Reston Town Center at 11951 Freedom Dr., Reston, VA 20190.
Guests from the Reston community and The St. James Performance Club members can access the new courts via reservation or drop-in play.

Houston Area Parking Guidance Systems, Inc Announces Opening of Latest Office Location

Retrieved on:

Tuesday, March 21, 2023

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HOUSTON, March 21, 2023 /PRNewswire/ -- Parking Guidance Systems, LLC (PGS), the nation's leading reseller and installer of INDECT parking guidance systems, recently announced the opening of its sixth office to better serve customers in the Mid-Atlantic region. The new location will function as a parts, service, and sales office.

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HOUSTON, March 21, 2023 /PRNewswire/ -- Parking Guidance Systems, LLC (PGS), the nation's leading reseller and installer of INDECT parking guidance systems, recently announced the opening of its sixth office to better serve customers in the Mid-Atlantic region.
The new location will function as a parts, service, and sales office.
In the Mid-Atlantic market, we have over 20,000 parking spaces currently being monitored by INDECT's industry-leading parking guidance technology, some of which have been installed since 2015," said Chandrea Frantz, PGS President and CMO.
"Luis has been our go-to guy for most of our new office start-ups," added Derek Frantz, Vice President of Business Development at PGS.

THE MILESTONE GROUP ANNOUNCES ACQUISITION OF 870-UNIT MULTIFAMILY PORTFOLIO IN NORTHERN VIRGINIA

Retrieved on:

Monday, December 5, 2022

FAIRFAX, Va., Dec. 5, 2022 /PRNewswire/ -- The Milestone Group (Milestone) has announced its acquisition of a three-property, value-add, multifamily portfolio totaling 870 units in Fairfax County, Virginia, executing an off-market acquisition through a loan assumption that saved significant prepayment costs. The purchase price was not disclosed.

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FAIRFAX, Va., Dec. 5, 2022 /PRNewswire/ -- The Milestone Group (Milestone) has announced its acquisition of a three-property, value-add, multifamily portfolio totaling 870 units in Fairfax County, Virginia, executing an off-market acquisition through a loan assumption that saved significant prepayment costs.
We look forward to executing our business plan and modernizing the assets to improve their position in the market."
Milestone acquired the portfolio in its discretionary value-add fund, Milestone Real Estate Investors V, LP (Fund V), bringing Fund V to nearly 6,000 multifamily units and Milestone to 10,000 multifamily units across the United States.
The Milestone Group is a leading, privately held real estate investment management firm with strong expertise and focus on value-add multifamily assets in major metropolitan markets of the United States.

EagleBank Provides $50MM in Acquisition and Renovation Financing to Insight Property Group and AHC Inc.

Retrieved on:

Wednesday, November 30, 2022

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Currently an estimated 70% of the units are at-or-below 60% of the Washington, DC-MD-VA Metropolitan Statistical Area Median Income (“AMI”) levels -- already in compliance with the affordable rent requirement which is 60% of units (155 units) designated at-or-below 60% of AMI and the other 40% of units (104) at-or-below 80% of AMI.

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Every unit at the property includes private outdoor space, either a balcony or ground-floor terrace, and there is ample resident parking with 470 surface parking spaces.
The property is also adjacent to Lake Fairfax Park, a 476-acre nature preserve with trails, picnic areas, sports fields, and swimming & boating.
Insight Property Group, in partnership with AHC, is excited to preserve affordability at Haven Reston and expand that opportunity to the entire community over the next several years, said Trent Smith, Managing Principal at Insight.
EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 16 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia.

BXP Completes Disposition of The Avant at Reston Town Center

Retrieved on:

Wednesday, November 9, 2022

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BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it completed the disposition of The Avant at Reston Town Center in Reston, Virginia, for a gross sale price of $141 million and net proceeds of approximately $138 million.

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BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it completed the disposition of The Avant at Reston Town Center in Reston, Virginia, for a gross sale price of $141 million and net proceeds of approximately $138 million.
The Avant is a 15-story, 359-unit luxury residential property developed by BXP in 2013.
BXP will continue to own and manage the approximately 26,000 square foot retail portion of the property, which includes several restaurants and a pharmacy, as part of the vibrant urban core of Reston Town Center.
The disposition of The Avant demonstrates the value creation contributed by BXPs residential platform, said Richard Ellis, Senior Vice President, Residential, BXP.

Longtime Innovator and Entrepreneur Launches Hack Factory - A Startup Studio and Growth Lab

Retrieved on:

Tuesday, October 4, 2022

Longtime DC-area resident and entrepreneur Matt Devost has launched the Hack Factory , a startup studio and growth accelerator designed to launch new business endeavors and support the local startup ecosystem.

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Longtime DC-area resident and entrepreneur Matt Devost has launched the Hack Factory , a startup studio and growth accelerator designed to launch new business endeavors and support the local startup ecosystem.
As a start-up studio, Hack Factory will launch companies based on new ideas and engage in rapid technology prototyping to enable disruptive solutions for a variety of complex problems and opportunities.
Established companies or new ideas looking for that extra boost can participate in the Hack Factory growth labs for meaningful mentoring, growth and strategy advisory, and networking support.
The Hack Factory was founded by long-time DC area entrepreneur Matt Devost who is currently the CEO of OODA LLC ( www.ooda.com ).

Freedom Bank Announces Inaugural Foundation Gala to Support Economic Inclusion in Northern Virginia

Retrieved on:

Tuesday, September 13, 2022

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FAIRFAX, Va., Sept. 13, 2022 /PRNewswire/ -- The Freedom Bank of Virginia (OTCQX: FDVA) announced today it will be hosting its first annual Freedom Bank Foundation Gala on Thursday, September 29 at Window Plaza in the Reston Town Center. The Gala will raise funds to promote economic inclusion in the local community and build on the exciting work the Freedom Bank Foundation has engaged in with the Community Business Partnership (CBP). The Foundation teamed with the CBP to launch the NOVA Freedom Fund which provides financing and technical assistance for minorities and entrepreneurs of color in the DC Region.

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FAIRFAX, Va., Sept.13, 2022 /PRNewswire/ -- The Freedom Bank of Virginia (OTCQX: FDVA) announced today it will be hosting its first annual Freedom Bank Foundation Gala on Thursday, September 29 at Window Plaza in the Reston Town Center.
The Gala will raise funds to promote economic inclusion in the local community and build on the exciting work the Freedom Bank Foundation has engaged in with the Community Business Partnership (CBP).
"We are thrilled to host the Freedom Bank Foundation Gala at the beautiful window plaza in the newest phase of the Reston Town Center.
The Freedom Bank Mortgage Division is headquartered in Chantilly, VA and the Freedom Bank Small Business Lending Division is headquartered in Harrison, NY.