(To read more on the multifamily market, click here.)

RESTON, VA-Two condominium towers have topped out at the residential compound known as Midtown Reston Town Center. The site is being developed by KSI Services Inc. in conjunction with construction partner Bovis Lend Lease. Known as Midtown Reston East and Midtown Reston West, the structures will offer an aggregate 293 residences.

The price tag for their development is $150 million. The entire Midtown Reston compound--which will feature about 1,000 condos and apartments, 34,000 sf of retail space and a public park--will cost a total of $275 million to complete.

At 21-stories each, Midtown Reston East and West consist of 145 units and 148 units, respectively. Both will have ground-level retail space, as well as a four-level parking facility.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.