Donohoe Construction has started working with Reston Town Center master developer BXP for a new dual-branded Mariott hotel.
The project, scheduled to be completed in 2024 will bring a Marriott AC Hotel and Residence Inn to the town center, the Donohoe Companies, Inc. announced in a mid-January statement. The architect is Cooper Carry, Inc.
“Reston Town Center is the proven premier mixed-use development in Northern Virginia. The growing residential and business population leads the region in balanced growth,” Donohoe Development president Evan Weisman said. “The newly opened Metro Silver Line extension to Dulles Airport will afford our guests easy access to the hotel’s doorstep.”
The structure at at 1975 Opportunity Way will feature a 120-key Residence Inn and a 147-key “upscale” hotel, connected by a direct pedestrian entrance to the new Reston Town Center Metro Station, the statement says.
“We are thrilled to collaborate with Artemis to close this financing in an extremely challenging capital markets environment,” said Robert Donohoe, Donohoe’s chief investment officer. “Artemis was able to provide a structure consistent with our business plan while addressing the complications associated with financing a component of a larger development.”
The LEED Silver project will include a shared lobby, a 4,000-sq. ft. restaurant, an indoor pool, a fitness area, and a rooftop bar and lounge.
“The project’s 34,000 sq. ft. of street-level retail and restaurant space will be the central gathering place for local offices and residents,” the statement says.
Donohoe says it obtained $74.7 million in financing through Artemis Real Estate Partners.
