Fairfax Inks a Deal to Build the Silver Line’s Innovation Center Station Garage
July 29, 2014
Fairfax County inked a real estate deal today that allows it to move forward on building an approximately 2,100-space garage for the Innovation Center Metro Station.
This garage is one of two that the county will build as part of the Silver Line’s second phase. Fairfax committed to constructing them as part of the agreement reached three years ago to pay for the rail line’s second leg.
“Fairfax County vigorously pursued public-private partnerships to help defray the cost and make Phase II of the Silver Line a reality," says Board of Supervisors Chairman Sharon Bulova. "I am proud to approve this agreement today and look forward to cutting the ribbon on this garage as we did on the now-open Wiehle-Reston East station garage, another public-private partnership.”
Today’s deal sites the garage in a better location than originally proposed by the Metropolitan Washington Airports Authority, which is building the Silver Line. The garage will be integrated into a new, 1.6 million-square-foot mixed-use development instead of directly facing the Dulles Toll Road.
The county will own, operate and maintain the garage that will be a three- to six-minute walk to the Metro station's entrance. The project includes:
- A projected 2,108 parking spaces.
- Four bus bays.
- About 25 kiss-and-ride spaces that include a taxi stand, plus four motorcycle spaces.
- A secure bike room for about 100 bicycles.
The eight-level garage will have one story below ground and seven above, including rooftop parking. This top level incorporates planted trees, helping to screen parked cars from the taller, neighboring buildings.
It’s expected to go to construction in spring 2016, although infrastructure work likely will begin in 2015.
The garage is projected to cost $57 million to design and build. The county plans to pay for the garage by selling parking revenue bonds from the Fairfax County Economic Development Authority.
The transaction approved today ratifies a land swap with developers Rock Engineering Company and Nugget Joint Venture, which are developing the site together. The trade allowed the county and developers each to consolidate land holdings at the 14.68-acre site. Currently undeveloped, it sits directly south of the Toll Road where the new Metro station will be built.
The deal gives the county a 5.5-acre spot for the garage and kiss-and-ride spaces while the developers will build out the remaining 9.1 acres. In a related action, the board approved their development plan today. It calls for a 120-foot-tall hotel with 190 rooms; 104,000 square feet of retail, 501,000 square feet of office and about 1,005 apartments spread across seven buildings.
Additionally, the county agreed to share the cost for common infrastructure needed on the 14.68-acre site, along with a pocket park and a one-acre, landscaped plaza surrounding the entrance to the Metro station. The pocket park will be used to filter and retain stormwater from the entire site.
The county will pick up about 40 percent of these costs or about $7 million, and this cost is included in the estimated $57 million total amount that will take to design and build the garage.