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With growing residential demand in the Fairfax suburbs, vacant office space is ripe for redevelopment, but ground-up construction is difficult to pencil.
WASHINGTON, DC - Insight Property Group, with partner AHC, has announced its acquisition of Colvin Woods Apartments, a 259-unit community on Becontree Lake Drive in Reston, VA. The community will be re-branded as Haven Reston and, in partnership with Fairfax County Redevelopment and Housing Authority, the venture will preserve all 259 units for households earning between 60% and 80% of the area median income (AMI).
The community will be preserved for affordable housing (courtesy Haven Reston) A 259-unit apartment community built in the late 1980s is getting a new owner and new name as part of multi-million-dollar effort to preserve the complex as an affordable housing project. As anticipated, developers AHC Inc. and Insight Property Group have acquired the Colvin
/PRNewswire/ -- Insight Property Group, with partner AHC Inc, has announced its acquisition of Colvin Woods Apartments, a 259-unit community on Becontree Lake...