LAKE ANNE VILLAGE CENTER GRAND PLAN ENDS

Rumors circulated since last August that the decade-long plan to redevelop Lake Anne Village Center had collapsed.  Official announcements late last week from Fairfax County and Lake Anne Development Partners turned those rumors into reality.  A competitive Reston Town Center, nearby new apartment construction boom, required below market value housing, and insufficient financing made the County / LADP plan economically infeasible.  Gone for now will be new higher rent shops and lower rent homes, and years of nearby construction, noise, and traffic congestion.  Saved, at least temporarily, are an original service station, office building, former garden center now a market, former bank now a cat clinic, nearby maturely treed land-swap parcel, and a First Village center as designed.  Several sources speculated that any future plans may be much smaller in scale.