“We are now in dialogue with a tenant for 100 percent of our proposed new development in Reston Town Center, 17Fifty,” said Doug Linde, Boston Properties president, during the company’s quarterly earnings conference call Wednesday.
The 270,000-square foot, 17-story office building will be constructed at the corner of Presidents and Market streets. No further information was provided about the nature of the potential tenant.
Linde also said there are “multiple tenants competing” for a 38,000-square foot block of space at Reston Town Center.
Also during the conference call Wednesday, BXP CFO Michael LaBelle said the company is expecting big things from The Signature, currently under construction at Fountain Drive and New Dominion Parkway. The mixed-use development, which will be anchored by a Balducci’s grocery store, will have 508 residential units and nine levels of underground parking when it opens next year.
LaBelle called the development one of the “most significant projects in our pipeline.”
Site plan via CBRE/Reston Town Center