Board Authorizes Public Hearing on Interim Development Agreement for The Crescent Apartments in Reston
July 9, 2013
The Fairfax County Board of Supervisors has authorized a public hearing on an Interim Development Agreement with Lake Anne Development Partners, LLC (LADP) for the redevelopment of the Crescent property in Reston as part of the revitalization of Lake Anne. The Crescent, which features 181 garden style multi-family affordable units on 16.5 acres, is owned by the Fairfax County Board of Supervisors and managed by the Fairfax County Redevelopment and Housing Authority (FCRHA).
The Crescent has been earmarked for revitalization and early last year the county issued a request for proposals from potential developers. The redevelopment plans call for the replacement of all existing 181 units of affordable housing and the addition of units affordable as workforce housing. The July 30 public hearing, to be held at 4:30 pm in the Board Auditorium of the Fairfax County Government Center, 12000 Government Center Parkway, Fairfax, VA 22035-0072, will allow residents to comment on the Interim Development Agreement with LADP as the potential developer for the project. Persons wishing to testify may register online or by telephone at 703-324-3151, TTY 703-324-3903.
This authorization is a first step in a longer process. Today’s action authorized the public hearing to be set for July 30, which will then be followed by a public comment period. The final decision to move forward with the Interim Development Agreement will not go before the Board of Supervisors until its meeting on September 10, 2013.
The Interim Development Agreement establishes general terms and conditions that may lead to a Master Development Agreement between the County and LADP, which will be voted on at a future date. Among other items, the Interim Development Agreement:
- permits LADP to file the necessary applications for zoning and land use approvals;
- designates LADP as the Board’s agent for the limited purpose of pursuing the land use entitlements with respect to the Crescent property;
- permits LADP to enter the property to conduct studies (such as soil samples);
- requires that the realignment of Village Drive and the provision of 181 replacement affordable units be part of the first phase of development;
- requires a relocation plan for the residents of the Crescent apartments that will give existing residents the option to return to the property after redevelopment; and
- establishes that the parties will pursue negotiations, diligently and in good faith, of a Master Development Agreement to fully provide for the development of the Project.
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