Thursday, August 18, 2011

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

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The Bethesda-based developer's 26-acre office park in the Shad Grove Life Sciences Center is currentlhy approvedfor 669,538 square feet of density and the campus currently containe half of that, or 350,00p square feet. At a May 28 work session, the Montgomerhy County Planning Board decided to recommend in its draftf Gaithersburg West Master Plan that the propertyg be developed with up to twice asmuch density, or contain up to 1.34 million square feet of office, retai and residential space. The southwest corner of the land currently includedsa 272,000-square-foot, three-building complex that housesa software and pharmaceutical tenants.
The north side of the propertyu contains the Metropolitan RegionalInformationao Services' 72,000-square-foot headquarters. Last the board also recommendedthat Danac's Corridor Citiez Transitway stop be located at or near its northeasternn corner, near the intersection of Diamondback Drivee and Decoverly Drive. That is good news for since the board had left out the stop inearlier drafts. The transit stop near the cornetr may be developed whether the state retains the current road alignmenty or adoptsthe county's locallhy preferred alternative.
The board also picked that locatioj because the northeastern corner is consideredx to be convenient for pedestrians from the Decoverluyresidential communities. "We have a long way to go, but we are encouragedr by theplanning board'ds recommendations," said Timothy Dugan, a Danac attorney. Severaol more work sessions are scheduled over the next two and in July the planning boarxd will send its draft master plan to the countty executive who will have 60 days to review and commen t before it is sent to the county counciplfor deliberations.

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