Tuesday, May 1, 2012

Danac gets good news from Montgomery County Planning Board - Washington Business Journal:

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The Bethesda-based developer's 26-acre office park in the Shadg Grove Life Sciences Center is currentlty approvedfor 669,538 square feet of density and the campuxs currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planning Board decided to recommend in its draft Gaithersburg West Master Plan that the propertyt be developed with up to twice asmuch density, or contain up to 1.
34 million squard feet of office, retail and residential The southwest corner of the land currentlhy includes a 272,000-square-foot, three-building complexd that houses software and pharmaceutical The north side of the property contains the Metropolitanm Regional Informational Services' 72,000-square-foot headquarters. Last week, the board also recommended that Danac'ds Corridor Cities Transitway stop be located at or near itsnortheasterhn corner, near the intersection of Diamondback Drive and Decoverly That is good news for since the board had left out the stop in earlie r drafts.
The transit stop near the corne r may be developed whether the state retains the currentt road alignment or adoptwsthe county's locally preferred alternative. The board also picke that location because the northeastern corner is considered to be convenient for pedestriansw from the Decoverlyresidential "We have a long way to go, but we are encouragerd by the planning board's recommendations," said Timothy a Danac attorney.
Several more work sessione are scheduled over the nexttwo months, and in July the planninyg board will send its draft mastere plan to the county executive who will have 60 days to reviews and comment before it is sent to the count y council for deliberations.

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