Sunday 11 September 2011

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

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The Bethesda-based developer's 26-acre office park in the Shady Grove Life Sciences Center is currently approveddfor 669,538 square feet of density and the campusx currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planningb Board decided to recommend in its draft Gaithersburgy West Master Plan that the property be developed with up to twic e asmuch density, or contain up to 1.34 million square feet of office, retail and residential The southwest corner of the land currentlyg includes a 272,000-square-foot, three-building complex that houses software and pharmaceuticapl tenants.
The north side of the property contains the Metropolitaj RegionalInformational Services' 72,000-square-foot Last week, the board also recommended that Danac's Corridorr Cities Transitway stop be located at or near its northeastern corner, near the intersectionm of Diamondback Drive and Decoverly Drive. That is good news for Danac, sincer the board had left out the stop inearlierd drafts. The transit stop near the corner may be developeds whether the state retainds the current road alignment or adoptsthe county'sz locally preferred alternative.
The board also picked that location becausee the northeastern corner is considered to be convenient for pedestriansa from the Decoverlyresidential communities. "Wde have a long way to go, but we are encouragex by the planning board's said Timothy Dugan, a Danac Several more work sessions are scheduled over the nexttwo months, and in July the planningg board will send its draftf master plan to the county executive who will have 60 days to revieqw and comment before it is sent to the counth council for deliberations.

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