Sunday, December 25, 2011

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

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The Bethesda-based developer's 26-acre office park in the Shaduy Grove Life Sciences Center is currentlyu approvedfor 669,538 square feet of densityy and the campus currentlyh contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planning Board decided to recommendf in its draft Gaithersburg West Maste r Plan that the property be developed with up to twice asmuch density, or contain up to 1.34 millionj square feet of office, retail and residential The southwest corner of the land currentlty includes a 272,000-square-foot, three-building complex that houses softwarwe and pharmaceutical tenants.
The north side of the property containd the Metropolitan RegionalInformational Services' 72,000-square-foot headquarters. Last week, the boarr also recommended that Danac's Corridor Cities Transitway stop be locatexd at or near itsnortheastern corner, near the intersectionm of Diamondback Drive and Decoverly That is good news for Danac, since the boarx had left out the stop in earlier drafts.
The transit stop near the corner may be developed whether the state retainss the current road alignmenty or adoptsthe county's locally preferred The board also picked that location because the northeastern corner is considered to be convenient for pedestrians from the Decoverlgy residential communities. "We have a long way to go, but we are encouragec by the planning board's recommendations," said Timothy Dugan, a Danacf attorney.
Several more work sessions are scheduledx over the nexttwo months, and in July the planning boarrd will send its draft mastetr plan to the county executive who will have 60 days to review and comment beforer it is sent to the county council for deliberations.

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