Project Finishes as 700-Unit Combination Condo/Apartment

RESTON, VA-There are 700 new luxury apartments and condominiums on the market now that Trammell Crow Residential has wrapped up development of the Alexan Reston Town Center and its sister property, Market Street at Reston Town Center. Trammell Crow originally conceived the endeavor as a giant 700-unit apartment community, but mid-construction, the developer rethought the project and decided to convert half the dwellings to condominiums. The result is a selection of 365 apartments contained within Alexan Reston, and a cluster of 333 condos at Market Street. Details on development costs are not being disclosed at this time.

Occupying an 8.5-acre parcel within the 14-year-old “town square” or Town Center development in the heart of the city, Alexan Reston and Market Street are located in the midst of a conglomeration of retail offerings, office buildings, entertainment venues and other residential locales. Increasing demand for condominiums is sweeping the country, especially the Metropolitan Washington, DC area, and that sparked Trammell Crows decision to go half-and-half with the development. In addition to its existing offerings, Town Center will soon welcome another condominium residence, the 296-unit Carlton House by Renaissance Centro LLC affiliates.