In 2016, Fellowship Square entered into a partnership agreement with Community Preservation and Development Corp (now Enterprise Community Development, Inc.) to redevelop the Lake Anne Fellowship House. The $86 million project includes the construction of a new 240-apartment building and the demolition of the existing Fellowship House.
In 2018, the project team received approval by both the Reston Design Review Board and the Fairfax County Board of Supervisors to move forward on our plans. This is a huge milestone in our efforts to redevelop this property and provide residents with a new modern building that will serve them and hundreds of other future residents.
In May 2020, Enterprise Community Development and Fellowship Square Foundation announced closing on the project in this joint press release. They wrote in part this “innovative development approach will create more than 240 modern, affordable apartments for low income seniors in one of Virginia’s most expensive counties.”
Fairfax County and Capital One officials joined Fellowship Square and Enterprise Community Development representatives on October 22 to put shovels in the ground – socially distanced and in masks – to celebrate construction on the $86 million project. Local Leaders to Join Enterprise Community Development and Fellowship Square Foundation For Groundbreaking of $86 Million Lake Anne House in Reston, VA (October 22, 2020)
The project completed in 2022.