Potential receiver to handle Kiddar Capital assets — “The Securities and Exchange Commission has asked the judge in the civil case against real estate developer Todd Hitt to appoint Richmond attorney Bruce Matson as receiver for Hitt’s development and investment operations, according to a new motion filed in the U.S. District Court for the Eastern District of Virginia.” [Washington Business Journal]
Are you listening — The third listening session with Reston Association’s Board of Directors is on for tonight. Caren Anton, the director of the Dogwood and Hunters Woods district, will listen to your questions and concerns. [Reston Association]
And Metro is too — bus passengers are encouraged to take part in a survey that will help determine funding allocations for different jurisdictions. [Washington Metropolitan Area Authority]
Photo by Caroline Rapking
The CEO of Kiddar Capital, a Falls Church asset management firm, is accused of lying about the size and value of his company and defrauding investors about a $33 million office building in Herndon, according to charges filed in federal court.
Todd Elliott Hitt, 53, was charged with securities fraud and surrendered to the FBI on Friday.
According to court documents, which were unsealed on Friday, Hitt raised nearly $11 million by falsely claiming to buy the building near a planned Herndon Metro stop. He spent around $9 million to purchase the 4.8-acre office building and relied on bank loans for the remaining balance on the purchase.
Prosecutors say Hitt was involved in an alleged $16 million scheme to defraud investors.
The U.S. Securities and Exchange Commission also found Kiddar claimed to be a global firm with $1.4 billion under management in London, Houston, and Florida, but in reality, the local company only had one office in Falls Church and managed far less than $1 billion.
They also noted that Hitt failed to disclose to investors his “extravagant spending,” which included leasing private jets and buying sports tickets and jewelry.
The complete release can be found online.
Photo via Kiddar Capital
Beginning tomorrow (July 12) and on Friday night (July 13), triple lane closures on planned on the Dulles Toll Road after 10 p.m.
Dulles Corridor Metrorail Project crews will continue to install equipment under the pedestrians bridges at the Reston Town Center and Herndon Metrorail Stations that cross over the eastbound and Westbound lanes of the Dulles Toll Road.
Three lanes will be closed, resulting in 20-minute traffic halts after midnight each night.
Beginning Thursday at 10 p.m., three left lanes of the eastbound Dulles Toll Road will be closed to traffic between the Monroe/Van Buren Street and Reston Parkway overpasses. One right lane will be open to traffic and 20-minute stoppages will occur in the right lane of the eastbound lanes after midnight. Lanes will reopen on Friday at 5 p.m.
On Friday at 10 p.m., the three left lanes of the westbound Dulles Toll Road will be closed to traffic between the Wiehle Avenue and the Monroe Street/Van Buren Street overpasses. One right lane will be open to traffic and 20-minute stoppages are planned after midnight on the right westbound lane and on the ramp from Fairfax County Parkway to the westbound Dulles Toll Road lanes.
Normal operations will resume on Saturday (July 14) at 6 a.m. Utility work is expected to continue through July.
Maps via Dulles Corridor Metrorail Project
Greats Falls and Reston soccer merge — “The Reston Soccer Association and Great Falls Soccer Club merged in March of this year, combining to form one club of around 2,600 players. The merger has been a subject of discussion for years now, but only recently came to fruition after careful coordination between members of the Reston and Great Falls Boards of Directors.” [The Connection]
Be wary when going outside today — An air quality alert has been issued for today. The heat index could climb into the high 90s or even the low 100s. [National Weather Service]
Herndon’s high hopes for Metro — “The town is preparing for an unprecedented amount of high-density development around the Silver Line’s new Herndon Metro station slated to open in 2020.” [Washington Business Journal]
Nearby: Fireworks and family fun — “Lake Fairfax Park will host its annual fireworks show on Saturday, June 30, 2018. (Rain date July 1, 2018). Come to the park early and spend the day. The park opens at 7 a.m.” [Fairfax County Government]
Flickr pool photo by vantagehill
Plans are underway to redevelop aging office buildings and mixed-used projects in Herndon as the opening of the nearby Metro station inches closer in 2020.
But as the oncoming train sweeps in more development and corridor activity, local officials and business leaders are grappling with one key question: How will the Herndon Metro stop distinguish itself from others on the Silver Line?
“We cannot have every stop look the same,” said John Boylan, president and CEO of the Dulles Regional Chamber of Commerce.
Some are placing their hopes on the place-making character of the Town of Herndon’s downtown, a historic center that is one mile from the Metro station and the only incorporated town on the Silver Line. The town is working with Comstock Partners to redevelop 4.7 acres of land into a mixed use development with 281 apartments, a central community plaza, an arts center and retail. Comstock plans to break ground in late 2018. Construction will take at least two years.
A 761-space garage will be delivered first and will be free. Maggie Parker, Comstock’s vice president of communication, said the company is excited to work on Herndon’s “jewel.”
“People are hungry for community and that’s what the Herndon project offers and that’s what the Herndon Metro Station offers,” Parker said.
Mixed-used projects in Herndon’s 38-acre transit-oriented area near the Metro station are taking off. By 2050, an additional 2.1 million square feet of office space is planned as part of Herndon’s Metro Station Area Plan.
Just last month, Kiddar Capital announced it acquired 575 Herndon Parkway, a 4.8-acre site at the door of Herndon Metro station platform. The company is holding off on releasing plans for redevelopment for at least three years.
Other mixed-use projects are in the pipeline. The first and furthest development from the Metro Station — Corporate Oaks One (625 Herndon Parkway) — includes 64 stacked condominiums selling for between $500,000 and $600,000.
Penzance Properties plans to build a mixed-use development at 555 parkway, which calls for three or four 225 to 275-foot towers and ground floor retail.
Other projects in Herndon include Tishman’s Woodland Park East Development, which will include 1.6 million square feet of office and residential on roughly 32 acres. A mix of 678 townhouses, stacked condos, and apartments is planned, along with two office towers, 81 affordable housing units and six acres of open space.
“Herndon is strategically positioned for growth,” said Rodney Lusk, director of national marketing for the Fairfax County Economic Development Authority.
Waterview at Woodland Park includes 295 multi-family units, 50 stacked townhouses and 32 townhouses. Prices start in the upper $600s for the community, which will open in May.
Arrowbrook Centre will see 2.3 million square feet of development on 54 acres. Houston Office Partners also plans to convert two office buildings into two multi-family residential projects with 866 units. Innovation Center South, which calls for 1.6 million square feet of development, including 1 million square feet of residential and 2,070 parking spaces, is currently under construction.
Lisa Merkel, mayor of the Town of Herndon, said the Herndon area will face a new challenge of transitioning people from cars to mass transit in a community that mostly has single-family homes.
“We don’t want to be a bedroom community,” said Merkel. “We are a small town with a worldview.”
Access is limited due to the construction of a new parking garage for the future Metro Silver Line Herndon station. To use the current garage, commuters can enter through the Dulles Toll Road, a detour that requires a payment of $1, according to a county press release.
The roughly $45 million project is expected to cause major delays on routes that serve the park-and-ride facility. The following stops served by routes924, 926, 927, 937, 950, 951 and 551 will be missed:
Commuters using these stops take buses at the Herndon-Monroe Park and Ride facility. Bus bays are still accessible through the garage entrance.
A groundbreaking ceremony last year celebrated the launch of the project, which is managed by Fairfax County. HGA Architects is the firm designing the project.
Rendering courtesy of Fairfax County
As work on Phase 2 of Metro’s Silver Line project continues, a pedestrian walkway was recently set over the bus loop at the Herndon-Monroe Park and Ride facility.
The walkway, which will provide access to the Silver Line’s future Herndon Station from the south side of the Dulles Toll Road, will be integrated with existing and future infrastructure at the park and ride, according to information provided by the Dulles Corridor Metrorail Project.
The pedestrian bridge from the north side of the Dulles Toll Road (westbound lanes) is scheduled to be installed this weekend.
Construction work on Phase 2 of the Silver Line, which will extend the Metrorail from Reston to Ashburn, was reported in July to be more than 60 percent done. The line is expected to be opened to the public in 2020.
Photos courtesy Dusty Smith/Dulles Corridor Metrorail Project
Toll Road Traffic To Be Affected by Weekend Work — Westbound traffic will be rerouted this weekend as to allow crews to set pedestrian bridges that will provide access over the westbound highways to the Silver Line’s future Herndon station. [Dulles Corridor Metrorail Project]
Volunteers Needed for Watershed Cleanup — Help is needed Saturday at parks around Fairfax County, including locally at Lake Fairfax Park and Frying Pan Farm Park. [Fairfax County Park Authority]
FCPD Officer Pleads No Contest — Officer Pshko Siteki was heading to a call for a disorderly conduct incident in February when his speeding cruiser struck a minivan in the Seven Corners area. [Washington Post]
An Unexpected Stint in the NFL — Thirty years ago this month, South Lakes High School’s wrestling coach became a temporary member of the Washington Redskins during the National Football League players’ strike. John Cowne, who later would become an assistant coach for the SLHS Seahawks football team, remembered that once-in-a-lifetime experience in a recent interview. [Inside NoVa]
Lake Anne Brew House to Attend Festival This Weekend — The local nanobrewery is already gaining attention ahead of the Virginia Craft Brewers Festival this weekend in Charlottesville, with an event manager describing why its award-winning New Year’s Golden Ale is a top pick for him. [Richmond Times-Dispatch]
Farmers Market Success Celebrated — During a National Farmers Market Week commemoration this past Saturday at the Reston Farmers Market, its many successes were praised. [Connection Newspapers]
Pedestrian Bridges at Herndon Station Going in Next Week — The Herndon-Monroe Park & Ride will be closed overnight twice next week as the work is done. [Dulles Corridor Metrorail Project]
Residents Can Give Input in County Executive Search — Fairfax County Executive Edward Long will retire next month. The county is asking citizens to give their input to assist in the recruiting process for his replacement. [Survey Monkey]
Did You Get a Jury Questionnaire? — The county is sending out 50,000 jury questionnaires, and it wants to make sure recipients know it is just the beginning of the jury duty screening process. [Fairfax County]
Be Wary of Charlottesville Charity Scams — Attorney General Mark Herring says anyone interested in assisting victims of last weekend’s violence should vet the organization, campaign or page organizer before they donate. He says people who need help figuring out whether a charity is legitimate can contact the attorney general’s Consumer Protection Section. [WTOP]
File image courtesy Jennifer Heffner Photography
Reston-Based Software Company Looking to Grow — Oracle is seeking new talent in the effort to outpace the competition in fields such as artificial intelligence and virtual reality. [Fairfax County EDA]
Crane Removal to Affect Toll Road Traffic — Eastbound traffic on the Dulles International Airport Access Highway will be detoured onto the Toll Road tonight through Monday morning as the tower crane at the future Herndon Metro station is disassembled and removed. [Dulles Corridor Metrorail Project]
Town of Herndon Adopts $51M Budget — The budget, approved this week by the Herndon Town Council, features no tax rate increases. It also includes resources to support development of a first-class arts facility to act as an economic driver for the downtown. [Town of Herndon]
Civil War Stories at Frying Pan Park — The Meeting House at Frying Pan Farm Park (2739 West Ox Road, Herndon) served as a field hospital, encampment and picket post during the Civil War. From 1-3 p.m. Sunday, re-enactors, exhibits and a special guest speaker will share information about the lives of those soldiers. [Fairfax County Park Authority]
Phase 2 of construction on Metro’s Silver Line is more than 56 percent complete, according to information released today by the Dulles Corridor Metrorail Project.
The Metropolitan Washington Airports Authority is overseeing construction of the 11.4-mile Phase 2 extension of the Silver Line from Reston through Dulles Airport to Ashburn. Engineering and design work on the phase began in July 2013, and the project is expected to be complete by 2020. All told, the stretch will include six rail stations; nine entrance pavilions and pedestrian bridges; aerial guideways through Dulles Airport; and 89,000 feet of track.
Station wall work is currently underway at the future Reston Town Center station, while structural steel installation for the vault roof has begun at the future Herndon station, also located in Reston. In addition, piers for pedestrian bridges are being put up. All needed pier caps have been poured, along with 76 percent of deck spans. Construction on the rail yard at Dulles Airport is 46 percent complete, according to project officials.
Work also began in December on a new Herndon Metro parking garage, a county project.
Phase 2 of the Silver Line was originally projected to be completed by late 2018; however, design modifications later pushed that date back.
Photos courtesy Capital Rail Constructors/Dulles Corridor Metrorail Project
Early Education Teachers Sought — Bright Horizons will host an on-site interviewing session Tuesday at its Vienna location as it looks for early childhood teachers and associate teachers for its centers throughout Fairfax County. Dinner will be provided for event attendees. [Bright Horizons/Eventbrite]
Public Art Organization Has New Image — As it celebrates its 10th anniversary, The Initiative for Public Art Reston has been re-branded. Now known simply as Public Art Reston, the nonprofit has unveiled its new website and logo. The organization seeks to inspire an ongoing commitment to public art and create a new generation of artworks in Reston. [Public Art Reston]
Construction on Metro to Detour Some Traffic — Again this weekend, work in the median of the Dulles Airport Access Road will result in eastbound traffic being detoured onto the Dulles Toll Road. The work will be done from about 9 p.m. Saturday to 5 a.m. Sunday, as crews set several large precast concrete elements at the Silver Line’s future Herndon and Reston Town Center stations. [Dulles Corridor Metrorail Project]
‘Community Matters Reston’ Plans First Meeting — A new volunteer organization promoting community-building initiatives and outreach has scheduled its first public meeting. Community Matters Reston will meet Monday from 6:30-8 p.m. at Sunset Hills Montessori School (11180 Ridge Heights Road). The organization is also selling decals featuring its logo, designed by Dana Scheurer, with all proceeds going to Cornerstones. The group’s goal is to “promote two of the founding principles of Bob Simon’s neighborhood: fostering and celebrating diversity, and offering a helping hand to those who need it.” [Community Matters Reston/Facebook]
Possibly Rabid Fox Bites Woman, Cat — Animal Protection Police officers responded Tuesday to two different scenes in Great Falls where a fox had gone on the attack. A 71-year-old woman suffered serious injuries after being bitten “multiple times” around 3 p.m. in the 600 block of Ad Hoc Road; about an hour later and about three miles away, a 54-year-old woman fought off a fox that had bitten her cat. The fox believed to have been involved in both incidents was euthanized and is being tested for rabies. [Fairfax County Police Department]
Metro Station Work to Affect Toll Road Traffic — Eastbound traffic on the Dulles Airport Access Highway will be diverted onto the Toll Road on Saturday night into Sunday morning. The detours will be to allow workers to set large precast concrete elements for the future Herndon and Reston Town Center Metro stations. [Dulles Corridor Metrorail Project]
Reston-Based Soccer Academy Gets Leader — Tom Torres has been named the head of the Washington Spirit’s U.S. Soccer Girls’ Development Academy, which is scheduled to start play in Reston this fall. Torres has been a coach with the D.C. United’s academy for the past 10 years. [Black and Red United]
With Spring Showers Comes Flooding — With the start of spring less than two weeks away, county officials are reminding residents of tips to keep themselves and their homes safe from potential flooding. [Fairfax County]
The mixed-use Woodland Park East development will include 678 residential units: 74 single-family attached homes, 90 two-over-two stacked townhomes and 515 multifamily dwelling units within two buildings. Two office buildings — 16 stories and 14 stories — that will include 20,000 square feet of optional ground-floor retail are also part of the plan. The property will also include 6.1 acres of public parks and 2.8 acres of private open space.
The county Planning Commission recommended the project for approval in January.
The development is planned to provide affordable housing, with 12 percent of the total units (approximately 81) set aside as affordable or workforce housing.
“It really does reflect the opportunity of need, if you think about the development that has come forward with the workforce there and all of the housing,” said Supervisor Cathy Hudgins (Hunter Mill District). “How do we meet the needs of work and living throughout the tiers of incomes? I really do appreciate working on that. I think this is a very good project.”
Illustration and map via Fairfax County
Concrete is expected to be poured overnight for the foundation of the Herndon Metro Station pedestrian bridge.
The work is planned to be done between 10 p.m. Monday and 4 a.m. Tuesday, according to the Dulles Corridor Metrorail Project. The two right lanes of the westbound Dulles Toll Road will be closed between the Fairfax County Parkway overpass and the Monroe/Van Buren Street overpass for the duration of the work.
— DCMP (@DullesMetrorail) January 20, 2017
The pedestrian bridge, when complete, will provide access to the Silver Line’s Herndon Station, near the Herndon-Monroe Park and Ride. Ground was broken in late November for a new, second parking garage at the Herndon-Monroe Park and Ride.
A large amount of other work along the Dulles Toll Road related to the Metro’s expansion continues as well.
The Dulles Corridor Metrorail Project recently reported that work on the Silver Line expansion is progressing steadily.