Just down the street from Reston Town Center, an upscale neighborhood with parks, shops, and high-end apartments, a low-income housing community called Bowman Towne Court sits at the corner of
A developer that filed a plan for a new Reston Regional Library and affordable housing in the Reston Town Center North area is challenging Fairfax County’s handling of its procurement process in court. The complaint, filed by Reston Civic Core LLC late last year, is being litigated even after developer Foulger-Pratt withdrew its offer of
After an unsolicited redevelopment proposal was pulled by a developer, the Fairfax County Board of Supervisors is charting a new future for the Bowman Towne Court site in Reston. At a board meeting yesterday (Tuesday), the board approved a motion by Hunter Mill District Supervisor Walter Alcorn to procure the 4.5-acre site and direct the
D.C.-based developer Foulger-Pratt has terminated an agreement with Fairfax County, Virginia’s Redevelopment and Housing Authority for hundreds of affordable apartments and a new library at Reston Town Center, citing costs.
(Updated at 4:15 p.m.) Developer Foulger-Pratt's unsolicited proposal to redevelop Bowman Towne Court in Reston has been scrapped, Fairfax County announced today. In a termination letter, the developer cited "significantly higher construction costs and recent interest rate hikes" as the primary reason for ending the agreement. The team also stated that a 24% increase in