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Comstock Secures More Financing for Reston Station

by Karen Goff July 22, 2014 at 3:30 pm 0

BLVD Apartments under construction at Reston StationComstock has secured nearly $100 million in additional financing for construction of the 21-story luxury BLVD Apartments.

The BLVD apartments are currently under construction at Comstock’s Reston Station, located above the seven-level underground parking garage adjacent to the Wiehle-Reston East Silver Line Metro Station.

Comstock will get a $95 million, 48-month construction loan from Citizen Bank, Virginia Business reports.

The $900 million parking garage was built by a public-private partnership between Comstock and Fairfax County. It is the only parking among the five Silver Line stations in Tysons Corner and Reston. The Silver Line opens Saturday.

The county and Comstock agreed earlier this year that Comstock will pay the county $2.9 million annually in rent. Eventually, the plaza will be home to office, hotel and retail space as well.

Photo: BLVD apartments under construction at Reston Station/file photo

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