Premier Location + Innovative Design
Copyright 2021 Arrowbrook Centre, LLC All Rights Reserved
THE RUTH AND HAL LAUNDERS CHARITABLE TRUST BRINGS AFFORDABLE HOUSING TO ARROWBROOK CENTRE
On December 18, 2020, Arrowbrook Centre, LLC closed on a set of twin ground leases with affiliates of SCG Development Partners, LLC (“SCG”) to add affordable apartments to the diverse housing choices available at Arrowbrook Centre. When completed in late 2022, Ovation at Arrowbrook will contain 274 dwelling 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 4.6-acre parcel under lease fronts on Centreville Road to the immediate right of the main entrance to Arrowbrook Centre.
“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 of 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.” Fairfield also expressed appreciation for the work of the many professionals at Pennoni Associates, Inc. of Herndon and DCS Design of Tysons, Virginia for their outstanding efforts in formulating the design and securing the approvals for Ovation at Arrowbrook and its supporting infrastructure. Fairfield added: “A special accolade is due the management of SCG who have repeatedly demonstrated through its many housing developments nationwide that housing affordability and excellence in design are not incompatible.”
For more on the key role played by Fairfax County Government and its housing authority in advancing Ovation at Arrowbrook to a reality, see the press release of the Fairfax County Redevelopment and Housing Authority accessible via the following Internet link:
Founded in 2006, The Ruth and Hal Launders Charitable Trust (“RHLCT”) is a charitable family foundation headquartered in Herndon, Virginia. RHLCT is the sole member and owner of Arrowbrook Centre, LLC. For more information, see rhlct.org.