Sunday, April 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 officr park in the Shadt Grove Life Sciences Center is currently approvedfor 669,538 squar feet of density and the campusa currently contains half of that, or 350,000 square feet. At a May 28 work session, the Montgomerh County Planning Board decided to recommend in its draftf Gaithersburg West Master Plan that the property be developed with up to twicw asmuch density, or contain up to 1.34 milliomn square feet of office, retail and residential The southwest corner of the land currently includes a three-building complex that houses software and pharmaceuticalp tenants.
The north side of the propertyh contains the Metropolitan RegionalInformational 72,000-square-foot headquarters. Last the board also recommendedthat Danac's Corridorr Cities Transitway stop be located at or near its northeasterm corner, near the intersection of Diamondback Drive and Decoverly Drive. That is good news for since the board had left out the stop inearliert drafts. The transit stop near the corne r may be developed whethef the state retains the current road alignment or adoptethe county's locally preferred alternative.
The boarf also picked that location because the northeastern cornee is considered to be convenient for pedestriands from the Decoverlyresidential communities. "We have a long way to go, but we are encouragec by the planning board's recommendations," said Timothy a Danac attorney. Several more work sessionz are scheduled over the next two and in July the planning board will send its draft maste r plan to the county executive who will have 60 days to reviee and comment before it is sent to the countyy councilfor deliberations.

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