The Town of Herndon plans to close on selling nearly 4.7 acres of its land to Comstock in order to begin the redevelopment of downtown Herndon later this year.
Comstock, the developer of Reston Station, was selected by the town three years ago to redevelop the property into a mixed-use project.
The $85 million redevelopment project includes 273 apartments, 17,000 square feet of retail, a new arts center, public space and a new parking garage for public and private use.
Construction on the project is expected to begin in late 2019.
The town and Comstock have several hurdles to clear before groundbreaking. An application for building permits is pending and an additional agreement to “protect town financial interests” must be determined, according to the town’s website.
The project was approved by the Heritage Preservation Review Board in mid-May.
The town will provide $3.6 million for the project, which is described as a public-private partnership.
Photo via handout/Town of Herndon
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