A year after breaking ground for Halley Rise, Brookfield Properties is still on schedule to finish the $1.4 billion project.
The 36-acre redevelopment project is set to open the first phase of its residential units in early 2022, and a Wegmans grocery store is expected to open before the end of 2022. Delivery of the first phase of offices for the project is expected in mid-2023, to align with market demand.
The mixed-use district in Reston is expected to be complete by 2026. Halley Rise will feature 1,500 residential units, 1.5 million square feet of office space, 250,000 square feet of retail, five acres of public open space and new public streets and infrastructure.
“At Halley Rise, we are creating a dynamic new destination for people to live and work in Reston,” Richard Fernicola, Brookfield Properties Senior Vice President, Development, wrote in an email.
“The new housing, jobs, retail and open space, activated with year-round arts and events and adjacent to the new Silver Line station, will provide significant benefits to the area for many years to come. It is an important project for Brookfield Properties, and we are excited to move it forward and play a role in Reston’s long-term development.”
According to Brookfield Properties, the company has been able to avoid any construction delays during the pandemic by tracking potential material disruptions on a daily basis. In the case of a procurement, fabrication or delivery risk, the company has secured alternate sources to avoid delays to the schedule.
The project at 12010 Sunrise Valley Drive will be located at the Reston Town Center stop on the Silver Line following the completion of the Washington Metropolitan Transit Authority’s Dulles Corridor Metrorail Project.
Halley Rise will feature a movie theater and a variety of restaurants. It will also have year-round art installations and Art Brookfield will curate concerts in the park.
Photos via Fairfax County and Halley Rise/website