HFF arranges $95 million financing for development of 21-story luxury apartment building in Reston, VA

BLVD at Restaton Station Apartments,
 Wiehle-Reston East Metro Station
Reston, VA

WASHINGTON, D.C. – HFF announced today that it has arranged $95 million in financing for the development of BLVD at Reston Station, a 21-story, 448-unit, luxury apartment building atop the entrance of the Wiehle-Reston East Metro Station in Reston, Virginia.

HFF worked on behalf of Comstock Partners to place the 48-month construction loan with Citizens Bank.

Preleasing in late 2015, BLVD at Reston Station will be located atop the entrance of the Wiehle-Reston East Metro Station, which is the last stop on Phase I of the new Silver Line. 

Walter Coker

The building will be the inaugural phase of the Reston Station mixed-use development that will include 550,000 square feet of Class A office space, a 200-room hotel and an additional multi-family residential building.

 All buildings will have integrated retail and will be situated around the urban plaza.  The property’s residential units will average 868 square feet each and will include studio, one-, two- and three-bedroom floor plans. 

Community amenities will include a resort-style rooftop swimming pool, spa-quality fitness facility, yoga room and private entertaining area including a glass fireplace, wet bar, media screen and state-of-the-art billiard room.

The HFF debt placement team was led by Walter Coker and Brian Crivella.

Brian Crivella

“The project received significant interest from lenders as it is a best-in-class development opportunity with institutional sponsorship and is the centerpiece of Comstock’s Reston Station, a mixed-use development, which at full build-out will be more than one million square feet with immediate access to the new Silver Line Wiehle-Reston East Metro Station,” commented Coker.

Comstock Partners, LC ("Comstock") is a privately held real estate enterprise with a focus on urban, mixed-use and transit-oriented developments in the Washington, D.C. region.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com