Silver Line could be golden for some Virginia associations
- August 22, 2014 |
- LORI SHARN BRYANT
New Metro stations make association-owned properties more accessible and valuable; Tysons trade group wins ‘real estate lottery' For four decades, a cluster of national education groups have enjoyed a wooded campus in Reston, Va., on a circular road with an appropriate name—Association Drive. That land is considerably more valuable since the Wiehle-Reston East Metrorail station opened in July, less than a half-mile away. Fairfax County sees the 26-acre site as ripe for transit-oriented development. But any potentially lucrative real estate deal might also separate longtime neighbors. "We love the Reston area and would like to clearly stay here," said Paul Roetert, CEO of… Read More