Richmond Highway investment opportunities webinar set for May 19; Fairfax County to pilot use of electric buses, trucks

The Fairfax County Economic Development Authority, Fairfax County Government and Bisnow present a webinar: “Investing in Richmond Highway: Exploring New Development and Business Opportunities in Southeast Fairfax County” on Wednesday, May 19, at 12:30 p.m. Eastern Time.

Click here to register.

Thanks to the forward-looking Embark Richmond Highway strategy of Fairfax County to encourage growth on the corridor, the corridor is ripe for transit-oriented development and investment opportunities.

With a comprehensive strategy that includes $1 billion in bus rapid transit and other infrastructure improvements, Fairfax County is setting the stage for new walkable, transit-oriented mixed-use development along Richmond Highway. According to a study by Partners for Economic Solutions, this 7.3-mile corridor can grow up to 50 percent by 2035 with residential, retail, office and hotel opportunities. Learn how you can make an early investment in this corridor poised for major opportunities.

Fairfax County officials, developers and stakeholders who see the potential of Richmond Highway will be presenting during the webinar. The featured speakers and panelists will be:

Topics of discussion will include:

  • Why is Fairfax County’s Richmond Highway catching the attention of the commercial real estate investment community?
  • What incentive programs are available for investors and developers on Richmond Highway?
  • What asset classes are in development along the Richmond Highway, and which developers are the top players?
  • How are new transit projects spurring mixed-use development opportunities along Richmond Highway?
  • What are Fairfax County’s goals for Richmond Highway’s corridor in the short and long term?
“Fairfax County has put a lot of imagination, effort and funding into planning for an even more vibrant Richmond Highway corridor, and the Economic Development Authority is pleased to partner with the county on this event to highlight excellent investment opportunities on the corridor,” said Victor Hoskins, president and CEO of the FCEDA.

See also: FCEDA presents market assessment study of Richmond Highway corridor

Fairfax County to pilot use of electric vehicles

In a step forward toward a zero-emissions vehicle fleet, Fairfax County will buy new all-electric buses, trash and recycling trucks and a box truck using $4.4 million in state grant funds.

The money will go toward four electric Fairfax Connector buses, four solid waste trucks and one medium-duty truck, as well as installing electric charging stations for these vehicles. These demonstration projects will advance the county’s efforts to electrify its fleet, helping officials learn more about operating and maintaining these vehicles.

“To cut carbon emissions we have to reimagine the way in which we travel,” said Fairfax County Board of Supervisors Chairman Jeffrey C. McKay. “As a county, we are already actively moving towards cutting our emissions from our public transit and this will move us closer to our end goal.”

The Virginia Department of Environmental Quality awarded the grant funds through its Clean Air Communities Program. This program accelerates transportation electrification to combat climate change and air pollution, and it was established as part of the state’s oversight of the Volkswagen Environmental Mitigation Trust.

“In order to meet the county’s proposed carbon neutral goal of 2040, it is critical that the county transition its vehicle and bus fleets to non-carbon emitting vehicles as quickly as possible,” said Mount Vernon District Supervisor Dan Storck. “With the additional expenses for these new vehicles, and the potential need to replace fleet vehicles prior to their planned life cycles, federal and state funds will be key to the county meeting its goals and protecting our environment.”

Click here to learn more.

May 13, 2021