Fairfax County, Virginia, will launch its next site specific plan amendment (SSPA) cycle in early 2025. This presents a significant opportunity for property owners and developers to add value and respond to changing market...more
On Oct. 10, 2023, the Arlington County Board held a working session with economic development staff to discuss potential policy changes to facilitate office-residential projects....more
On Jan. 21, 2023, the Arlington County Board amended the Arlington County Zoning Ordinance to allow a set of new uses.
The ordinance amendment will expand the number of permitted uses in commercial/mixed-use zoning...more
On Jan. 31, 2022, Prince William County, Virginia, released its draft Land Use Chapter and draft Future Land Use Map for public review and comment.
The new releases are part of the county’s comprehensive plan update known...more
Fairfax County, Virginia, is taking proactive steps to facilitate additional affordable housing options in the area.
The Fairfax County Redevelopment and Housing Authority (FCRHA) recently announced the availability of...more
Several years of work culminated in the March 23, 2021, adoption of a new zoning ordinance (zMOD) by the Fairfax County, Virginia, Board of Supervisors. This is the first comprehensive zoning update since 1978....more
On Feb. 23, 2021, the Board of Supervisors of Fairfax County, Virginia, amended its Workforce Dwelling Unit (WDU) policy to target lower income levels, with a commensurate reduction in the percentage of affordable units...more
Arlington County, Virginia, recently unveiled three major housing initiatives that will have a significant impact on how affordable housing is addressed in redevelopment projects for the foreseeable future....more
An ongoing study of Reston, Virginia, could lead to the establishment of additional historic designations at the federal, state and county levels across the community.
A survey commissioned through a Virginia Department of...more
In response to the impact of COVID-19 on the office real estate market, Arlington County, Virginia, recently announced it is pursuing new administrative guidance to increase flexibility and support for repurposing existing...more
Fairfax County, Virginia, has authorized a review of its Workforce Dwelling Unit (WDU) policy based upon recommendations from a task force appointed by the county’s Board of Supervisors. The proposed policy changes lower the...more
In early June 2020, Arlington County will roll out a new virtual Site Plan Review Committee (SPRC) process that should streamline Arlington’s community review process in the short to midterm....more
Demonstrating the resiliency of Virginia’s local governments, Arlington County’s “Plan Lee Highway” study is picking up pace. This study will open opportunities to develop or reposition property within the corridor to add...more
The advent of Opportunity Zones (OZ) offers players in the private finance and real estate communities a new way to enjoy tax incentives while helping economically distressed areas. Recently, the IRS and the Treasury...more
6/28/2019
/ Capital Gains ,
Community Development ,
Economic Development ,
Investment Funds ,
Low Income Housing ,
Low-Income Issues ,
Opportunity Zones ,
Qualified Opportunity Funds ,
Real Estate Development ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
Tax Incentives
On April 17, 2019, the Department of Treasury and Internal Revenue Service released another set of proposed regulations on the Opportunity Zone (OZ) tax benefit. Until recently, many investors, funds, business owners and real...more
The IRS and Treasury Department recently released proposed regulations providing guidance for investors looking to take advantage of the capital gains deferrals available in the opportunity zone program created under the 2017...more
11/12/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
Tax Planning ,
U.S. Treasury
Fairfax County recently announced it will accept site-specific Comprehensive Plan Amendments for the northern portion of the County. The deadline for such nominations is Dec. 5, 2017.
This opportunity applies to property...more
The Urban Land Institute has released the results of an in depth analysis of the future of the Westfields Corporate Office Park in western Fairfax County. This analysis was the product of a ULI Technical Assistance Panel...more
On March 14, 2017, the Board of Supervisors approved an amendment to the Tysons PTC Zoning District that eliminated the FAR maximum of 2.5 for certain uses located within a Transit Oriented Development that is up to one...more
On March 14, 2017, the Fairfax County Board of Supervisors approved an update to the Comprehensive Plan for Tysons. Consistent with comments from industry representatives and the Tysons Partnership...more
This is a follow up to our earlier briefing on the proposed revisions to the “Fairfax Forward process”. McGuireWoods’ lawyers have been working closely with County leadership and the land use bar to understand the proposed...more
The Comprehensive Plan is critical to land valuation and redevelopment potential. Fairfax County has recently rolled out a proposed new process related to the procedural mechanisms for proposing site specific amendments to...more
To Fairfax County’s credit, they have collectively recognized the structural shifts that have and are occurring in the commercial office market. In 2016, the County seated a diverse “Workgroup” to study the issue. The...more