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Novais Partners, Hanover Co. plan 4.4msf mixed-use project
Transactions - APRIL 1, 2021

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Novais Partners, Hanover Co. plan 4.4msf mixed-use project

by Released

Novais Partners and Hannover Co. have plans to develop Rivana at Innovation Station, a 4.4 million-square-foot, mixed-use destination development adjacent to Metro's Silver Line extension, in Loudoun County, Va.

Rivana will be the first phase of a 103-acre transit-oriented development on the border of Loudoun and Fairfax counties. The current plans for the Loudoun phases of Innovation Station include:

Nearly 2,000 multifamily housing units 1.8 million square feet of class A office space A 185,000-square-foot retail village A 265-room boutique hotel A network of green and public spaces, including an 11-acre park

Phase 1A of development will include 250,000 square feet of office space that is scheduled to open for tenants in 2024. The property is bounded by Route 28, the Dulles Toll Road and Innovation Avenue, and could eventually yield 9 million square feet of development.

Pending legislative approval, Novai

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