The Rivana project, which would bring a massive mixed-use development to the land along the extension of the Silver Line in Fairfax and Loudoun counties, took a step forward this week.
The Loudoun County Board of Supervisors this week approved the rezoning of about 80 acres—about 6.4 million square feet—near Dulles International Airport, Route 28, and the Innovation Center Metro station just over the border in Fairfax County.
A county staff report said the Loudoun County portion of the development would bring about 2,700 multifamily residential units, 2.4 million square feet of office space, 495,000 square feet of hotel space, and 347,000 square feet of commercial space. About 128,000 square feet would be set aside for civic use.
Construction could begin next year, and could be done in four phases, with the whole process taking 10 to 20 years. There would be a focus on completing the residential and commercial aspects first.
Another 4 million square feet could be added on the Fairfax County side, extending west from the Innovation Center Metro station.
The land is owned jointly by Timberline Real Estate Partners and Origami Capital Partners.
Buddy Rizer, the head of Loudoun County’s Department of Economic Development, told the Washington Business Journal the Rivana project is “the single biggest opportunity we have for economic diversity in the county.”
The two developers marketed the land parcels last fall, but no deal was signed. The partners are “no longer openly trying to sell them,” the Washington Business Journal said, citing someone familiar with the project.
Rizer said he’s confident the Fairfax County side of the development will go forward as well. A mixed-use project of one kind of another has been in the works since 1985.
Featured image by Timberline Real Estate Partners and Origami Capital Partners, courtesy Loudoun County Government
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