We know what Reston's getting for Christmas: more bollardy goodness! JBG, owner of the soon-to-be-redeveloped Fairway Apartments complex, apparently rolled double ones on the Reston Monopoly board and has purchased Charter Oak, the garden apartment complex closest to
Park Place Fairway on North Shore Road. Give us some good blockquote, BFFs at Patch:
Charter Oak is a 262-unit complex off of North Shore Road near Lake Anne.Also, the move is furthering the consolidation of a handful of big developers with an outsize stake in Reston (re)development: Along with Fairway and Charter Oak, JBG owns Reston Heights, itself slated for further redevelopment. Lerner has dibs on the Spectrum, plus maybe the proposed Reston National Golf Course redevelopment, or so the folks at Rescue Reston have alleged. By acquiring the original buildings earlier this year, Boston Properties now owns much of the present (and future) Reston Town Center. And who knows who will wind up the "winner" of the county's Crescent Apartments redevelopment RFP.
JBG, which also owns the Reston Heights mixed-use development and nearby Fairway Apartments in Reston, says the complex's location near Hidden Creek Country Club, Reston Town Center and Metro's upcoming Silver Line, presents a "terrific opportunity."
A JBG spokeswoman also said that there are "no redevelopment plans at this time."
However, Charter Oak, a garden-apartment complex built in 1970, is smack in the middle of other affordable housing developments slated for redevelopment.
Maybe it's time to resurrect the Game of Reston. We call