Archive for the ‘News’ Category

Northern VA Metro Projects Set to Move Forward

Comstock Partners LC, Reston, Va., is preparing to break ground on various projects on land it holds near Metro stations in Reston and Ashburn, Va., according to the Washington Business Journal. The company is planning two mixed-use developments—Reston Station and Loudon Station—which would involve 5.1 million square feet of residential, office, retail and hotel space. Comstock plans to break ground

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D.C. Debt Could Stall Economic Development

Washington, D.C., ended fiscal year 2010 with $7.15 billion in outstanding debt—reaching $9 billion with interest—which threatens to affect development projects and capital investments, according to the Washington Business Journal. Chief Financial Officer Natwar Gandhi told the district Council in February that the five-year capital plan must be cut by $40 million per year (about 5 percent of the plan)

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New Apartment Building Planned for National Harbor

The Peterson Cos., Fairfax, Va., and The Bozzuto Group, Greenbelt, Md., have partnered for a $90 million residential project to build 350 apartments atop retail space at the National Harbor development, according to the Washington Business Journal. The 300-acre National Harbor site rests along the Potomac River in Prince George’s County, and the project, which marks the site’s first rental development,

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Transportation Officials Delay Brookland Project

Washington, D.C.’s District Department of Transportation (DDOT) has detailed its opposition to various roadway-related pieces concerning a $225 million development that will connect the district’s Brookland and Edgewood neighborhoods, according to the Washington Business Journal. The opposition has delayed the 8.9-acre, mixed-use project, which is located on the former south campus of The Catholic University of America (CUA). Plans for the

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