Tuesday, March 6, 2012

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

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The Bethesda-based developer's 26-acre office park in the Shadu Grove Life Sciences Center is currently approvedfor 669,538u square feet of density and the campus currently containd half of that, or 350,000 squard feet. At a May 28 work session, the Montgomery County Planning Board decided to recommend in its draft Gaithersburb West Master Plan that the property be developed with up to twicr asmuch density, or contain up to 1.34 millionn square feet of retail and residential space. The southwesty corner of the land currently includesa 272,000-square-foot, three-building complexz that houses software and pharmaceutical tenants.
The nortg side of the property contains the Metropolitamn RegionalInformational Services' 72,000-square-foot headquarters. Last the board also recommendedthat Danac'sa Corridor Cities Transitway stop be located at or near its northeasternm corner, near the intersection of Diamondbaci Drive and Decoverly Drive. That is good news for Danac, sincew the board had left out the stop in earlier drafts. The transit stop near the cornerf may be developed whether the state retains the curreny road alignment or adoptsthe county's locally preferred alternative.
The board also picke d that location because the northeastern cornert is considered to be convenient for pedestrianw from the Decoverlyresidential communities. "We have a long way to go, but we are encouragexd by theplanning board's recommendations," said Timothy Dugan, a Danac attorney. Several more work sessions are scheduled over the next two and in July the planning boarrd will send its draft master plan to the countt executive who will have 60 days to revieaw and comment before it is sent to the countty councilfor deliberations.

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