Monday, July 11, 2011

Danac gets good news from Montgomery County Planning Board - New Mexico Business Weekly:

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The Bethesda-based developer's 26-acre office park in the Shadyg Grove Life Sciences Centere is currently approvedfor 669,53u8 square feet of density and the campus currentl y contains half of that, or 350,00 square feet. At a May 28 work session, the Montgomery Countyg Planning Board decided to recommend in its drafrt Gaithersburg West Master Plan that the property be developed with up to twice as much or contain upto 1.34 million square feet of retail and residential space. The southwest corner of the land currentl includesa 272,000-square-foot, three-building complex that housex software and pharmaceutical tenants.
The north side of the propertty contains the Metropolitan RegionalInformationap Services' 72,000-square-foot headquarters. Last week, the board also recommendedx that Danac's Corridor Citied Transitway stop be located at or near itsnortheastermn corner, near the intersection of Diamondback Drivw and Decoverly Drive. That is good news for since the board had left out the stop inearlierr drafts. The transit stop near the corner may be developeed whether the state retains the current road alignment or adoptsthe county'd locally preferred alternative.
The board also picked that locatiomn because the northeastern corner is considered to be convenient for pedestrians from the Decoverluyresidential communities. "We have a long way to go, but we are encourages by the planning board's recommendations," said Timothy a Danac attorney. Severalk more work sessions are schedulefd over the nexttwo months, and in July the planniny board will send its draft master plan to the county executive who will have 60 days to reviee and comment before it is sent to the count council for deliberations.

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