Tysons Transit-Oriented Site Reborn as Major Affordable Housing Project

Fairfax County and Lincoln Avenue Communities are partnering to build a 500-unit affordable housing project on a prime 1.8-acre foreclosed site in Tysons.

By: AXL Media

Published: Mar 17, 2026, 6:09 AM EDT

Source: Bisnow

Site History & Acquisition

The redevelopment of this key transit-adjacent site follows a period of financial distress for its previous owners.

Foreclosure: The site was previously owned by an affiliate of NVCommercial and slated for a mixed-use project before defaulting. Lender EagleBank took control of the property via foreclosure auction in late 2025.

Public Purchase: In January 2026, the Fairfax County Redevelopment and Housing Authority (FCRHA) purchased the land from EagleBank for $13.75 million.

Off-Market Deal: Developer LAC identified the site post-foreclosure and approached the lender directly to facilitate the county-partnered acquisition.

Project Vision & Entitlements