The master plan for the city was completed in 1962, governed by seven goals: housing for all; residents would be able to live, work, and play in one community; the dignity of each individual would anchor planning; natural beauty; accommodation of leisure time; presence of amenities; and financial success. The first development in the new town was the Lake Anne Village Center, a public plaza with mixed-use buildings, where the historical marker now stands. The first family moved to Reston in December 1964 and the Lake Ann Village dedication took place in 1965. In 2017, Lake Ann Village was listed on the National Register of Historic Places.
Investment by oil companies led to the community's financial success in the 1960s and 1970s. Reston became financially self-sustaining by the 1970s, though as an unincorporated community its public services are provided by Fairfax County.
The Virginia Department of Historic Resources placed this marker (T-58) in 2014. It is part of a network of over 2500 markers placed by the department to highlight places and people of historical note in Virginia. The marker program dates back to 1927 and is the oldest such program in the United States.