Lake Anne Fellowship House to be Revitalized

RESTON, VA: Fellowship Square Foundation is planning to move forward with the redevelopment of Lake Anne Fellowship House, an affordable senior apartment community located at 11480-11450 North Shore Drive in Reston, according to a Fellowship Square Foundation announcement.

The new construction project will replace all 240 apartment units in the 1970s era building.

The decision comes after a five month, in-depth evaluation of conditions at the property. Fellowship Square commissioned Community Preservation and Development Corporation (CPDC), a regional not-for-profit developer, to evaluate the feasibility of preserving the existing units at Lake Anne Fellowship House.

Based on the results of the investigation, Fellowship Square concluded that renovation could not address the structural obsolescence problems facing the building and was not a viable option. Sufficient excess land is available on the site to allow the construction of a new building.

“Fellowship Square is committed to revitalizing the Lake Anne community, and to helping residents grow and thrive in the place many have called home for decades. This is an important step toward the long-term preservation of affordable senior housing in the Reston community,” said Charles Wortman, Chair of Fellowship Square Foundation. “We look forward to working with residents, Fairfax County and community stakeholders on a new and improved Lake Anne.”

Fellowship Square intends to partner with CPDC, an experienced developer of affordable housing with a long track record of creating successful communities, to develop the project.

“We are excited about the prospect of working with Fellowship Square to deliver a property that will be an asset to the community for years to come,” said Christopher LoPiano, Senior Vice President of Real Estate Development at CPDC.

In the coming months, Fellowship and CPDC will meet with tenants on the new construction option and proceed with negotiating a master development agreement, according to the announcement.