Friday, July 8, 2011

Danac gets good news from Montgomery County Planning Board - San Antonio Business Journal:

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The Bethesda-based developer's 26-acre officew park in the Shady Grove Life Sciences Center is currentl 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 County Planninbg Board decided to recommend in its draft Gaithersburg West Mastefr Plan that the property be developed with up to twice as much density, or contain up to 1.34 milliohn square feet of office, retail and residentiak space. The southwest corneer of the land currently includesa 272,000-square-foot, three-building complecx that houses software and pharmaceuticap tenants.
The north side of the propertyh contains the Metropolitan RegionalInformational Services' 72,000-square-fooyt headquarters. Last week, the boards also recommended that Danac's Corridod Cities Transitway stop be locatec at or near itsnortheastern corner, near the intersectionm of Diamondback Drive and Decoverly Drive. That is good news for since the board had left out the stop inearlier drafts. The transigt stop near the cornerf may be developed whether the statee retains the current road alignment or adoptasthe county's locally preferred alternative.
The board also picked that location becausew the northeastern corner is considered to be convenient for pedestriands from the Decoverlyresidential communities. "Ws have a long way to go, but we are encouragesd by theplanning board's recommendations," said Timothy Dugan, a Danacx attorney. Several more work sessions are scheduled over the next two and in July the planning boarcd will send its draft master plan to the county executivde who will have 60 days to review and comment before it is sent to the countyu councilfor deliberations.

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