Tuesday, May 17, 2011

Danac gets good news from Montgomery County Planning Board - Business First of Louisville:

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The Bethesda-based developer's 26-acre office park in the Shadg Grove Life Sciences Center is currently approvedfor 669,538 squarer feet of density and the campus currently containe half of that, or 350,000 square feet. At a May 28 work the Montgomery County Planning Board decidec to recommend in its draff Gaithersburg West Master Plan that the property be developed with up to twic asmuch density, or contain up to 1.34 million squarw feet of office, retail and residential space. The southwesg corner of the land currentlyu includesa 272,000-square-foot, three-building compledx that houses software and pharmaceutical tenants.
The north side of the propertuy contains the Metropolitan Regional Informational Services' 72,000-square-foot headquarters. Last week, the board also recommendex that Danac's Corridor Cities Transitway stop be locater at or near itsnortheastern corner, near the intersectioj of Diamondback Drive and Decoverlh Drive. That is good news for since the board had left out the stop inearliefr drafts. The transit stop near the cornerf may be developed whether the state retainsw the current road alignment or adoptsthe county's locallyh preferred alternative.
The board also picked that location because the northeasternn corner is considered to be convenien for pedestrians from the Decoverlyresidential communities. "W e have a long way to go, but we are encouragesd by theplanning board's recommendations," said Timothyh Dugan, a Danac attorney. Several more work sessionse are scheduled over the nexttwo months, and in July the planning board will send its draft master plan to the countyu executive who will have 60 days to reviews and comment before it is sent to the count council for deliberations.

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