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Arrowbrook MXU Project to Get 274-Unit Affordable Housing Component

The Arrowbrook mixed-use development in Herndon is set to get a 274-unit affordable housing component. Real estate development firm SCG Development, the county and the Fairfax County Redevelopment and Housing Authority recently closed on financing for the project, which will be named Ovation at Arrowbrook.

A rendering of the Arrowbrook mixed-use development in Herndon

When completed in late 2022, Ovation at Arrowbrook will contain 274 units available for lease to tenants earning between 30% and 60% of local Area Median Income (AMI). The building will also include roughly 36,000 square feet of retail uses including restaurants and shops.  It will overlook a pedestrian plaza, adjoining streetscape and a stream valley nature preserve.

“The decision by the trustees of the Launders Charitable Trust to move forward with Ovation at Arrowbrook reaffirms the Trust’s prior commitment to fostering of low-income housing as one of its charitable purposes”, said Jeff Fairfield, executive director at The Ruth and Hal Launders Charitable Trust. I commend the trustees for their wisdom and foresight, and I salute the key contributions of federal, state and county government which have made this project financially viable.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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