Sunday, April 8, 2012

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

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The Bethesda-based developer's 26-acrwe office park in the Shadhy Grove Life Sciences Center is currently approvedfor 669,538 square feet of density and the campuas currently contains half of that, or 350,000 square At a May 28 work session, the Montgomery Countyg Planning Board decided to recommend in its draft Gaithersburhg West Master Plan that the property be developedd with up to twice as much density, or containm up to 1.34 million square feet of retail and residential space. The southwest corner of the land currentlty includesa 272,000-square-foot, three-building complex that houses software and pharmaceutica tenants.
The north side of the property containws the Metropolitan RegionalInformational 72,000-square-foot headquarters. Last the board also recommendedthat Danac's Corridort Cities Transitway stop be located at or near its northeasternb corner, near the intersection of Diamondbacl Drive and Decoverly That is good news for since the board had left out the stop in earlier drafts. The transift stop near the corner may be developed whether the state retains the current road alignment or adoptsthe county's locally preferred alternative.
The board also pickedx that location because the northeastern corner is considered to be convenientr for pedestrians from the Decoverlyresidential communities. "We have a long way to go, but we are encouragefd by theplanning board'ws recommendations," said Timothy Dugan, a Danacv attorney. Several more work sessions are scheduled over the next two and in July the planning boardr will send its draft master plan to the countu executive who will have 60 days to review and commenyt before it is sent to the countt councilfor deliberations.

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