Thursday, June 30, 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 Shadhy Grove Life Sciences Center is currently approvedfor 669,539 square feet of density and the campua currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planning Board decided to recommend in its draftf Gaithersburg West Master Plan that the property be developed with up to twic e asmuch density, or contain up to 1.34 millionj square feet of office, retail and residentiao space. The southwest corner of the land currently includesa three-building complex that houses software and pharmaceuticapl tenants.
The north side of the propertuy contains the Metropolitan RegionalInformationaol Services' 72,000-square-foot headquarters. Last week, the board also recommended that Danac' Corridor Cities Transitway stop be located at or near itsnortheasterhn corner, near the intersection of Diamondbackk Drive and Decoverly Drive. That is good news for since the board had left out the stop inearlie drafts. The transit stop near the corner may be developec whether the state retainz the current road alignment or adoptzsthe county's locally preferred alternative.
The board also picked that location because the northeastern corner is considered to be convenien for pedestrians from the Decoverlyresidential "We have a long way to go, but we are encouragesd by the planning board's recommendations," said Timothty Dugan, a Danac attorney. Several more work sessions are scheduledf over the nexttwo months, and in July the planninhg board will send its drafft master plan to the county executive who will have 60 days to revieq and comment before it is sent to the county councilo for deliberations.

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