Developer financial structure for Reston National Golf Course PRC plan amendment redevelopment. Gross revenue from 306 stacked condos at $800K each totals $244.8M. After 2019 land purchase ($23.75M) and estimated construction plus soft costs ($80–90M), developer net is estimated at $130–140M. NVR Inc. production cadence puts full absorption between 4 and 5 years. Cash-positive by Year 2.
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