Monday, March 12, 2012

Danac gets good news from Montgomery County Planning Board - Atlanta Business Chronicle:

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The Bethesda-based developer's 26-acre office park in the Shady Grovew Life Sciences Center is currently approvedfor 669,539 square feet of density and the campuw currently contains half of that, or 350,00 square feet. At a May 28 work session, the Montgomerh County Planning Board decided to recommende in its draft Gaithersburg West Master Plan that the property be developed with up to twice as much or contain upto 1.34 million squarre feet of office, retaik and residential space. The southwest corner of the land currently includeesa 272,000-square-foot, three-building complex that houses software and pharmaceutical tenants.
The north side of the propertyt contains the Metropolitan RegionalInformational 72,000-square-foot headquarters. Last the board also recommendedthat Danac's Corrido r Cities Transitway stop be locatedc at or near its northeastern near the intersection of Diamondback Drive and Decoverlu Drive. That is good news for Danac, since the board had left out the stop in earlier The transit stop near the cornert may be developed whether the statr retains the current road alignment or adoptdsthe county's locally preferred alternative.
The board also picked that locatiomn because the northeastern corner is consideresd to be convenient for pedestrians from the Decoverlyresidential "We have a long way to go, but we are encouragerd by the planning board's recommendations," said Timothy a Danac attorney. Several more work sessione are scheduled over the nexttwo months, and in July the planningv board will send its draft master plan to the count y executive who will have 60 days to reviews and comment before it is sent to the countgy council for deliberations.

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