Metro has reached a new agreement with the developers of the Dunn Loring Metro station area after the recession killed the project’s financing. In the agreement, approved by Metro’s board of directors, the agency is selling 5 acres of its parking lot at the station to developer Mill Creek Residential Trust to build up to 720 apartments and a Harris Teeter grocery store.

In exchange for the land, Mill Creek has agreed to build new busbays, garage parking and pedestrian and bicycle paths for commuters on the remaining 10 acres of Metro lot. The rebuild will add two bus stops and increase parking capacity to 2,000 spaces.