10/28/2026
Here's your Northern Virginia real estate news roundup for this week! 🏡
📍 ASHBURN | Amazon Backs Out of Data Center Plans
Amazon has tentatively agreed to abandon its data center plans at GWU's Ashburn campus. Instead, the property could be redeveloped into housing and mixed-use development, with 25 acres potentially reserved for county facilities.
📰 Source: Loudoun County Government
📍 BALLSTON | Office Buildings Making Way for New Apartments
Demolition is underway at 4601 Fairfax Drive to make room for 328 apartments. Across the street, another redevelopment could bring 475 apartments and 29 townhome-style units.
📰 Source: Arlington Now
📍 RESTON | 1,017 New Homes Proposed
The Lake Fairfax Business Center could be transformed into a residential neighborhood with 500 townhomes, 132 condos, 385 apartments, and nearly 28,000 square feet of retail and amenities. The Planning Commission supports the project, but final approval is still pending.
📰 Source: FFXnow
📍 NORTHERN VIRGINIA | Housing Inventory Jumps 30.7%
Active listings increased 30.7% compared to September 2025, giving buyers significantly more options, particularly among condos and townhomes. Despite the increase in inventory, the median sales price rose 4.2% to $744,950.
📰 Source: Northern Virginia Association of Realtors nvar
📍 OLD TOWN ALEXANDRIA | Nearly 600 New Apartments Under Construction
Construction has started on the second building at The Heritage at Old Town, adding 288 apartments to the 310 units already underway in the first phase. The newest building is expected to be completed in 2029.
📰 Source:
💬 Which of these developments do you think will have the biggest impact on Northern Virginia?
I'm Philippa, a Northern Virginia Realtor helping buyers and sellers across Arlington, Alexandria, Fairfax, Loudoun, and Prince William counties.
Follow Philippa Main for local real estate news, new developments, housing market updates, and what's happening around Northern Virginia.
