EYA Breaks Ground on First Phase of Mixed-Use Silver Line Project
Project includes a mix of 115 number of townhouses, 300 multi-family units, and approximately 20,000 SF of retail
EYA Development, LLC (EYA) announces that construction is underway at The Townhomes at Reston Station located two-city blocks from the Wiehle-Reston East Metro Station on the Silver Line. The product of a joint partnership with JBG Smith and Chevy Chase Land Company, EYA worked with both on the entitlement process of the 18-acre site defining the street grids, public spaces and park spaces, which will transform what had previously been an outdated low-rise office park into a vibrant neighborhood. The project is in the middle of one of the most rapidly transforming Northern Virginia submarkets, a well-established amenity rich neighborhood poised to take advantage of the increased interest generated by the pending completion of the Silver Line. Bernstein Management Company is providing the equity for the EYA portion of the project.
“We have developed a reputation for leveraging our successful master planning expertise and execution, and our skill at building strong partnerships, to transform suburban office parks into vibrant mixed-use communities. We craft unique solutions to help landowners unlock the value of their properties and work collectively with local municipalities to secure value-maximizing entitlements,” said McLean Quinn of EYA. “Our projects look at the whole picture of a particular site and we develop a plan that will bring each parcel to its best and highest use for the community.”
The finished development will include of 115 Townhomes, some with elevators – 80 in Phase I with deliveries starting in early 2021 and another 35 in Phase II – alongside two future multifamily buildings totaling 300 units on the nine-acre site. EYA has already secured entitlements for the entire neighborhood which will be dotted with pocket parks, landscaped walkways, open green space, and a playground for children to bolster its village-like atmosphere. The community was designed as a full neighborhood experience adjacent to neighborhood amenities like Orangetheory Fitness, Starbucks, and Founding Farmers with easy access to W&OD trail for recreation.
“It was a pleasure working with EYA as they navigated the challenging Fairfax County entitlement process. I am excited to see these former outdated office buildings transformed into a thriving mixed-use community,” said Scott Kasprowicz, the seller of the 1860 Michael Faraday property.
“There is a strong demand for authentic urban communities at metro stations and for high-quality housing that appeals to young professionals, growing families and empty nesters,“ added Quinn.” Reston has a unique history as a thoughtfully planned mixed-use suburb and we are delighted to have secured this site. We are actively seeking other sites along the Silver Line to bring more “life within walking distance” to the region.
“Our residents will be able to take the Silver Line in either direction for a smooth link to Dulles International Airport, Tysons, or a day in downtown DC,” said Quinn.
Neighboring developments like Comstock’s Reston Station have attracted top-tier companies such as Google, Rolls Royce, and numerous government contractors, reinforcing the desirability of the area and the increasing the demand for diverse housing solutions nearby.
“Northern Virginia is in a period of tremendous growth propelled by companies attracted to the area’s skilled workforce and technology infrastructure. The supply of high quality, well located, and attractive housing is a primary determinant for whether or not corporations will choose Northern Virginia for their new locations, and EYA is thrilled to be part of this solution,” said Quinn.
The neighborhood is envisioned as more than a bedroom community for nearby professionals. It is designed to appeal to both current and new residents of Reston. Some of the townhomes will incorporate private elevators to increase their appeal to downsizers and empty nesters. Playgrounds, pocket parks, and easy access to the W&OD trail serve as a draw for young families.
For more information, see the website here.