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RESTON, VA-Trammell Crow Residential has purchased 8.5 acres at the 455-acre Reston Town Center from Terrabrook to build its new luxury multifamily community, Alexan Reston Town Center. The compound will offer an assortment of almost 700 residential dwellings and will also include a new 4,000-sf space for the Greater Reston Arts Center.

Designed by Vienna, VA’s The Lessard Architectural Group, the first rental residents will take occupancy in late 2003. That structure, called the North Building, will house 362 apartments in addition to 2,300-sf of retail space. The South Building will house residential space only and is expected to be complete in the summer of 2004. Both the North and South Buildings will be four stories high with underground parking lots and landscaped courtyards at the center of the figure-eight style structures. The arts center, which will have three-times the amount of space it currently occupies, is also scheduled for completion in 2004.

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