80°Overcast

RA Adds New Building With Different Assessment Structure

by Karen Goff — June 26, 2015 at 9:30 am 21 Comments

Comstock's BLVD ApartmentsThe Reston Association Board of Directors voted unanimously on Thursday to add Comstock’s BLVD residences to the association, potentially paving the way for other new buildings to become RA properties but at a different assessment structure.

Under the new model, the association will receive an initiation fee and/or proffers from developers.

Residents will not initially have to pay RA assessments. BLVD, which will begin leasing 540 units at Reston Station this fall, is built in Reston’s former industrial corridor and is not required to join RA. Also, it will have extensive on-site amenities, so residents should not require all of RA’s membership benefits.

Comstock has agreed to pay $300,000 of an expected $650,000 in proffers to RA as an association initiation fee. Comstock’s payment will go towards the refurbishment of the Tetra Building, which RA is in the process of purchasing for community space. Comstock will get naming rights to the building for 10 years.

BLVD will offer to residents optional RA recreational packages, which will give residents access to RA pools, tennis courts and camp priority, for $350 annually.

When and if the building goes condo, residents will pay 50 percent of the RA full-member assessment (currently $642 annually), according to RA and Comstock’s Memorandum of Understanding (MOU). Those members will still have to pay an additional fee for RA recreation access, RA CEO Cate Fulkerson said.

BLVD will not be under the guidelines of the RA Design Review Board. Its design guidelines were already approved by the county as part of the initial plans in 2010.

The upcoming Bozzuto residential building, which will have 421 units across Reston Station Boulevard from BLVD, will also likely be added to the association in the same manner, Fulkerson said.

Along with bringing new revenue into the association, adding former industrial corridor properties to RA will help create a more unified Reston, she added.

“With the Silver Line spurring new mixed use development in those areas, we believe it is important to bring the corridor properties into our organization to make one Reston,” said Reston Association CEO Cate Fulkerson. “More than anything, so that the people who are coming into our community have a sense of place, that they belong to all of Reston and are not separated or treated differently.”

The board also passed a motion to begin adding future corridor properties using a list of eight options recently adopted by RA.

  • Ming the Merciless

    Right now, non-members can buy a family pool and tennis pass if they are “within Reston but not part of the RA” (as these buildings would be) for $530.

    The “deal” they get here is to pay half the $642 assessment (so $321) and the pool/tennis pass for $350 for a total of $671. The new deal is $141 worse for them than the existing $530 deal. Thanks, Reston Association! What a deal!

    Essentially, Comstock and the RA are milking the new residents of BLVD in order to upgrade that dreadful Tetra money pit that the RA should never have bought. This is hardly good, responsible governance.

    • FULL TIME BOJANGLER

      But more than anything, the residents of BLVD will have a sense of place, they will belong to all of Reston, they won’t be treated differently or separated. So f***ing stupid.

      • Fact is

        If you re from the homeless shelter you re not part of Reston period

        • FULL TIME BOJANGLER

          You mean the homeless don’t belong to all of Reston? They don’t have a “sense of place”? I blame Fulkerson and all of RA.

          • JCSuperstar

            The events of the last few days have to just be rattling you to the bone.

          • FULL TIME BOJANGLER

            JC SUPERSTAR….Dude, I am so rattled. 3 Major terror attacks in one day, State Dept. confirms Hillary lied ( I mean, I know all she ever does is lie), Obama singing amazing grace in a black church (where I am positive gay marriage is not cool)….its been a nutty week. Oh and ObamaCare will self destruct eventually and I have a Cadillac Plan so I don’t really care that much. You should come over sometime and have a drink with me.

          • WowzerYou’rePedictable

            What a sad, sad person you are.

  • JoeInReston

    What benefits will these residents be receiving for their $321 dues?

    • Karen Goff

      Residents won’t be paying any assessments while it is an apartment. They will pay 50 percent assessment if it goes condo someday. Since we don’t know when or if that is, we don’t know what the assessment would be.

      • FULL TIME BOJANGLER

        It will go condo. So will the Harrison. Can you please explain what “sense of place” and “belonging to all of Reston” means ? I, for one, do NOT belong to Reston.

      • JoeInReston

        While the complex remains an apartment complex, will BLVD make any
        annual payments to the RA, or will their contribution be limited to the initiation fee and/or proffers?

        If/when the complex converts to condos, what benefits will residents be receiving for their (50% of normal) dues?

        • Karen Goff

          The info is on the RA website under the section about BLVD. I don;t want to get the details wrong, so read the MOU. I believe (off the top of my head just from meeting last night) Comstock is paying the 650K in initiation/proffers and not annual payments. When/if it goes condo, i guess residents would just be helping pay for paths, use of lakes, etc. RA’s take is that many recreational amenities such as pools will be part of the complexes and would be redundant. Here is the MOU – http://www.reston.org/Portals/3/2015%20DEVELOPMENT/FINAL%20MOU%20REDLINE.pdf

          • JoeInReston

            Thanks for the link. I skimmed it over. It appears that the new condo owners, should they ever come to exist, will get squat for paying the annual fees.

            I don’t think this will go over well. Who wants to pay $321 in annual fees (as it is now, will likely be higher if this were to ever occur) that provide no real tangible benefit?

          • Ming the Merciless

            Certainly that would deter me from buying there. Whatever their HOA fee is, I am sure it won’t be zero, so another $321 on top of that for which they get zilch will really sting.

          • JoeInReston

            If this apartment complex does transition to condos, can the condo residents legally divorce themselves as a group from the RA?

            I don’t think it would be too difficult to find a super majority of condo owners that would support not being apart of an organization that costs $321 and whose benefits are not tangible.

          • JCSuperstar

            In the eye of the beholder.

  • Thanks, the Management

    Lake Comstock and nearby facilities are closed for renovations. Please contact the BLVD concierge for further details.

  • Rachel Gelman Charlton

    What about roads in North reston where 2/3 of the residents, Deer Forest, for example, are not part of RA?

×

Subscribe to our mailing list