The Fairfax County Board of Supervisors has officially OK’d the sale of a one-acre parcel of land to Comstock, the developer of Reston Station.
Last week, the board approved the sale of the land for roughly $3 million., in addition to a density transfer of roughly 147,690 square feet to the plaza area near the county-owned Wiehle-Reston Station East garage.
The sale of the land, which is valued at roughly $10.8 million, also includes other conditions.
Hunter Mill District Supervisor Cathy Hudgins noted that keeping the land has no value for the board. The parcel will be incorporated into Reston Station.
County officials estimate the transfer will bring in additional rental stream from Comstock, which currently pays an annual base rent of $2.9 million. The rent is expected to increase as more phases of the mixed-use development project move forward.
The agreement also includes a requirement to allow campaign and voter registration activities on the plaza.
Photo via handout/Fairfax County Government
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