Brookfield Properties developing $1.4bn neighborhood in Reston

Brookfield Properties developing $1.4bn neighborhood in Reston

Published at: 2019-10-10 15:08 | Author: CIJ USA
Brookfield Properties broke ground on Halley Rise, a $1.4bn mixed-use project in Reston, Virginia. The company is redeveloping the former 36-acre Reston Crescent office park into a 3.5 million sq ft live-work-play neighborhood. Plans call for 1,500 residential units, 1.5 million sq ft of office space, 250,000 sq ft of retail, 5 acres of open public space and new streets and infrastructure. Once completed, in 2026, 15 percent of the apartment units will be set aside for the affordable Workforce Dwelling Unit program. The project is located directly adjacent to the new DC Metro Silver Line station in Reston, which is scheduled to open next year.

Similar Stories:

Belpointe to build a resi-commercial scheme in Sarasota
Belpointe Capital has submitted plans with the City of Sarasota to build a mixed-use devel  »
Taconic, Nuveen secure $181m to redevelop West End Campus
Taconic Investment Partners and Nuveen Real Estate have secured a $181m loan to finance th  »
Northland secures $76m for Paramount on Lake Eola upgrades
Northland has secured a $76m loan for Paramount on Lake Eola, a mixed-use building in down  »
Strategic Property Partners secures $664.1m for Water Street Tampa
Strategic Property Partners secured a $664.1m loan to finance the construction of two towe  »