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A 23-acre site near the Wiehle-Reston Metro station has hit the market.
Frasier Forbes Real Estate Partners has been retained as the broker for the site, which is owned by a group of property owners that have come together to offer the parcel up for sale. The 23-acre site offers the potential for up to 3M SF of mixed-use development, the Washington Business Journal reports.
The potential development site is about a quarter of a mile from the Wiehle-Reston Metro station on the Dulles Toll Road. Currently, the site houses several small office buildings. The property owners are mainly nonprofits and smaller businesses that recognized the potential value of the parcel as a whole, as opposed to selling smaller tracts individually.
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For a 23-acre site with up to 3M SF of potential development within walking distance to a Metro stop, the possibilities are endless. The site could easily function as a town center environment, and offers plenty of room for various mixed-use scenarios.
As the terminus of Phase 1 of the Silver Line, the area around the Wiehle-Reston East station continues to receive plenty of attention from developers. Among the projects in the works are the 1.5M SF mixed-use Reston Station from Comstock Partners, and residential projects from Wiehle Station Ventures and Golf Course Overlook. [WBJ]
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