Loudoun County Supervisors agreed to sell the site of the former Ashburn North Park and Ride Lot to the NRP Group, a Cleveland, Ohio development group that plans to build 450 rental units on the 3.2-acre site, with 25 percent of those units classified as affordable housing.
Of the 450 units, 15 percent would be reserved for households earning up to 50 percent of the Area Median Income, and 10 percent would be reserved for households earning up to 80 percent of the AMI.
The property sits on the south side of Russell Branch Parkway, across from Strayer University. Loudoun County Transportation stopped using the park and ride in October 2022.
In the deal the supervisors approved on December 6, 2022, NRP would buy the land for $14.81 per square foot, for an estimated $2,064,396, according to a staff report on the proposal and proposed contract.
The proposal includes a mixed-use component, which designates a minimum of 3,000 square feet of non-residential space to the county or to nonprofits free of charge to provide services, such as financial literacy or first-time homebuyer counseling to Loudoun residents. Another 6,000 square feet would be used for retail. In addition, the developer would connect the property to the Linear Parks and Trails system, build a kayak launching dock, and develop a new pedestrian and biking trail.
While the supervisors approved the sale, the developers will still need to seek rezoning approval before any construction begins.
Feature image courtesy Loudoun County
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