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Sonny Small thinks there is pent-up demand for condos in Fairfax County, and he is putting that theory to the test with a second major development.
Renaissance Centro has submitted plans for a 20-story, 150-unit condo building in Reston, the first for-sale units to be built near Reston Town Center in a decade, the Washington Business Journal reports.
The developer is also planning a 120-unit luxury condo building in Tysons. Small pointed to the lack of condo development in the area as a good reason to launch that project.
"There hasn’t been a high-rise, for-sale condo building built in the last eight years, maybe nine years in Fairfax County," Small said last August. "We are somewhat pioneering as we did in the late '90s when we built the Stratford Condominiums in Reston."
The Reston project will be built at 1801 Old Reston Ave., where Renaissance Centro owns a 29k SF office building that was built in 1988. The plan calls for six to 10 condo units per floor, a 6,250 SF outdoor recreation center with a pool, a fitness center, a dining room and balconies. [WBJ]
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