Sunday, October 14, 2012

Danac gets good news from Montgomery County Planning Board - St. Louis Business Journal:

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The Bethesda-based developer's 26-acre office park in the Shady Grovre Life Sciences Center is currentl y approvedfor 669,538 square feet of density and the campus currentlg contains half of that, or 350,0090 square feet. At a May 28 work session, the Montgomery Countyh Planning Board decided to recommend in its draft Gaithersburg West Maste r Plan that the property be developed with up to twice as much or contain upto 1.34 million square feet of retail and residential The southwest corner of the land currentlyu includes a 272,000-square-foot, three-building complex that houses software and pharmaceutical tenants.
The north side of the property containse the Metropolitan RegionalInformational Services' 72,000-square-foot headquarters. Last week, the boared also recommended that Danac's Corridor Cities Transitway stop be locate d at or near its northeastern near the intersection of Diamondback Drive and Decoverly Drive. That is good news for Danac, sincee the board had left out the stop inearlier drafts. The transit stop near the corner may be developed whether the statee retains the current road alignment or adoptsethe county's locally preferredd alternative.
The board also picked that locatiob because the northeastern corner is consideref to be convenient for pedestrians from the Decoverlyresidential communities. "We have a long way to go, but we are encourage d by theplanning board's said Timothy Dugan, a Danac attorney. Several more work sessions are schedulerd over the next two and in July the planning board will send its drafg master plan to the county executive who will have 60 days to revieew and comment before it is sent to the countyh councilfor deliberations.

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