$72 million senior living project is underway in Reston
Atlantic Realty Cos. begins construction today on a $72 million senior-living project in Reston.
The 230,000-square-foot project at Hunters Woods at Trails Edge Senior Living Community is located at 2222 Colts Neck Road. It will include 210 units. Ninety of the units will be designated as independent living, with 81 units for assisted living, 15 for special needs and 24 for memory care.
Besides Atlantic Realty, a large commercial real estate developer in the Washington, D.C. region, the development team includes AEW Capital Management and IntegraCare. The project will replace the former United Christian Parish Church, which will be demolished.
According to Atlantic Realty Co., 20 percent of the independent living units will be offered as affordable units, and 4 percent of the assisted-living beds will be available for residents eligible for the Virginia Department of Aging and Rehabilitative Services Auxiliary Grant Program. The facility is expected to be completed by January 2019.
“Hunters Woods at Trails Edge has been a long time in the planning,” David A. Ross, president of Atlantic Realty said in a statement. “We are proud to bring this leading-edge amenity to the community, the first of its kind in Reston.”
Helping to put the project together was Avison Young broker Jim Kornick. He and Dan Baker lead an Avison Young team that specializes in senior housing investment sales across the U.S.
The project’s amenities will include dining rooms and family/living rooms in the independent units, activity rooms, fitness centers, indoor parking, an arts studio, barber shop, and salon. Residents also will have access to community-wide Wi-Fi.
The 4.3-acre lot is located across the street from Hunters Woods Village Center.