Comstock Expands Reston Station Portfolio
By Keith Loria August 30, 2022 4:47 pm
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Comstock, the developer behind the 80-acre Reston Station, has acquired nearly eight acres near the upcoming Midline at Reston Station development in Reston, Va.
Midline, which is being developed by a joint venture involving EYA, Knutson Homes and Chevy Chase Land Company, is a 1.8 million-square-foot mixed-use development. The land Comstock acquired represents the largest portion of undeveloped acreage within the Midline development, according to a prepared statement.
The eight acres are on Wiehle Avenue’s east side. The seller and price were not disclosed.
“This natural integration of additional surrounding areas into the Reston Station neighborhood will further enhance access to Reston’s only Metro Station and improve the neighborhood experience for all who live, work and play in Reston,” Timothy Steffan, COO of Comstock, said in the statement.
Two empty three-story office buildings that were part of the acquisition will be demolished, according to Comstock.
The company is exploring options for developing the site to conform with previously approved plans for Midline, according to Steffan, with a focus on enhancing connectivity to Comstock’s Reston Metro Plaza.
Existing Midline plans include 1.2 million square feet of residential, 260,000 square feet of office and 250,000 square feet of retail.
Comstock’s leasing team is already in discussions with several potential retail anchors, with development set to begin in 2023.
“Our plans for the acquired portion of Midline include a mix of uses, including office, residential and retail, to complement the recently built townhome and multifamily sections of the community,” Steffan said.
No brokers were used in the transaction.
Update: This story originally misattributed source material. This has been corrected. We apologize for the error.
Keith Loria can be reached at Kloria@commercialobserver.com.
