LOUDOUN NOW -County supervisors on Tuesday approved a 224-apartment development at Ashburn Village Boulevard and Waxpool Road that also came with a land swap adding to plans for a park and putting more land in the county’s Metro real estate tax district.
The development is on land across Ashburn Village Boulevard from Regency at Ashburn, where developer Peterson Companies plans the apartments. They include 11 units for the county’s rent-controlled Affordable Dwelling Unit program.
In exchange for the approval, in addition to contributing to the county’s capital facilities fund, Peterson will give the county just over 71 acres at Commonwealth Center, the still largely-undeveloped project on the south side of Rt. 7 across Loudoun County Parkway from One Loudoun. That parkland will join more than 160 acres of land proffered by Kincora for a 230-acre park in the heart of Ashburn.
Supervisor Ron A. Meyer Jr. (R-Broad Run) called it “a terrific deal for the county” and “a huge net positive for the county in this deal, because of the complicated easement swap that we’ve pulled off.” He said negotiating that deal took more than three years.READ MORE