Fairfax County is considering a public-private partnership that county leaders hope will bring new life to Lake Anne Village Center in Reston.
The center, an icon of planning as the first piece of the planned community, has faltered as a business center in recent years as the Reston community has changed.
The county is considering a public-private partnership with a development group, operating under the name Lake Anne Development Partners, to redevelop the county-owned Crescent Apartments, located near Lake Anne Washington Plaza.
Adding density, and therefore new residents, to the surrounding community is considered a key step in revitalizing Lake Anne, said Supervisor Cathy Hudgins (D-Hunter Mill).
“This redevelopment is a great step forward for affordable housing and revitalization in the County,” Fairfax County Board of Supervisors Chairwoman Bulova said in a released statement Tuesday. “Redevelopment in this area will preserve existing affordable housing units, add workforce housing units, and stimulate investment in an activity center targeted by the Board of Supervisors for revitalization.”
The property now houses 181 apartments, all of which are affordable to people earning 60 percent or less of area median income.
The land is zoned to accommodate more than 900 apartments in a mixed-income neighborhood, although the actual number will depend on Lake Anne Development Partners’ actual proposals when the company goes through the land use process.
Having a mixed-income neighborhood with a significant percentage of affordable housing is very consistent with the founding principles of Reston.
“We want to continue what we think are the good things that started there,” she said. Under the proposed agreement with the county, the developer will have to maintain at least 181 affordable units on the property and will need to ensure that the needs of current residents are accommodated during the construction process.
A county selection committee chose Lake Anne Development Partners from among eight proposals received. The request for proposals was issued in February 2012.
“I think the most important part is that the agreement is consistent with the RFP,” Hudgins said, including such things as making the architecture consistent with the existing Lake Anne community.
There was a major community effort to develop a vision for Lake Anne and to create the criteria for the RFP, Hudgins said.
The public will have a chance to weigh in on the proposed agreement. The Board of Supervisors will hold a public hearing on the matter July 30 and will vote on the agreement Sept. 30.
Once the agreement is approved, the developer can begin working through the land use process, which will shed more light on the specifics of the community design.