Reston|News|
Reston Luxury Development Announces Restaurants/Retailers: Report
Vy/Reston Heights, located on Sunrise Valley Drive, reportedly has announced the merchants that will be moving in.

Vy/Reston Heights, located on Sunrise Valley Drive, reportedly has announced the merchants that will be moving in.

A new report shows that while total units are surging, housing prices in the area are tumbling.

The mortgage loan giant, which already has a presence in the area, reportedly is looking for one million square feet.
John Carter has been appointed the new Hunter Mill District Planning Commissioner, the Board of Supervisors announced.
The local activist group has managed to save Reston National Golf Course, and fears it may have to do the same with Hidden Creek.
Despite recent reported demand weakness in the area, Boston Properties is confident in the future of the RTC area.
A JBG executive reportedly said that while Reston's future is solid, rents are stagnating.
The median sale price of homes in Fairfax County increased by $20,000 compared to the same period a year ago.
The Board of Supervisors have signed off on a plan to build a 283-unit apartment building on Michael Faraday Drive.
Fairfax County's new "Economic Indicators" report indicates that the housing market keeps getting stronger in the area.
BXP is hoping to settle a lease at Discovery Square that would involve a quarter of the space in one of the buildings.
The controversial project had been deferred indefinitely by Bozzuto back in April, but it appears the developer is taking another shot.
An office building on Sunrise Valley Drive is currently being torn apart as the latest victim of redevelopment in the area.
The process has begun to build a huge 4-million-square-foot development near the future Reston Town Center Metro station.
The site plan has been accepted, but there's still a lot of paperwork to do before construction work can begin.
Supervisor Hudgins has announced a community meeting later this month to discuss RTC North.
BXP execs said during an earnings call that Reston remains a hot real estate market, and revenues should grow there in the coming years.
Toll Brothers has reportedly purchased an office property on Sunrise Valley Drive to turn into residential units.
Investment advisory firm ARA Newmark will be showcasing the land to interested buyers on Thursday.
Rescue Reston is promising to fight the move, just two years after winning a legal battle with Northwestern Mutual over the same issue.
Rooney Properties has reportedly acquired part of an office complex on Sunset Hills Road.
That doesn't mean you'll pay the same in taxes, as home values likely will continue to increase this year.
Pantzer Properties has purchased the 200-unit Reston Glen Apartments for $32 million.
The proposal to build a 20-story condo complex in Reston will be put before the public this September.
The new condominium building would replace an old office building across from Reston Town Center.
Donald Trump's Jan. 20 inauguration is fast approaching, and some locals are looking to rent out their places for some insane rates.
Reston Station's OB1 is the centerpiece of a new mixed-use development slated for completion next summer.
Meanwhile, inventory plunged and housing prices dipped during a very busy November for local real estate.
Reston Station is going to get yet another addition of residential, retail and office space.
The Lincoln will be located on a three-acre property that is adjacent to the new Commerce Metro Center that was also approved by the Board.
Vornado's Metro Commerce Center has received approval from Fairfax County to move ahead with the development plan.
The vacant building on Sunset Hills Road features 180,000 square feet of space.
The self-guided tour features six residences in the area this year.
The Vornado project is expected to go before the Fairfax County Planning Commission on Sept. 28.
The Fairfax County Board of Supervisors has signed off on a proposal to redevelop the struggling retail space into a residential hub.
The Fairfax County Planning Commission has just recommended that a plan to change it to a residential space be approved.
The shopping center has suffered from stiff competition, but Jefferson Apartment Group is trying to change all that.
Wow House Gallery: One of the top homes on the market in Reston.
A Washington Post analysis looks at housing prices before and after the financial collapse.