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Report: Building Sale Could Pave the Way for Herndon Metro Station Development

by Karen Goff — June 21, 2016 at 11:30 am 6 Comments

Rendering of Herndon Metro Station area/Colliers

Is the Herndon Metro Station area moving towards development of the mixed-use amenities that are expected to be built nearby?

The Washington Business Journal reports that commercial real estate broker Colliers International recently began seeking buyers for 575 Herndon Parkway, a 4.8-acre office building site immediately adjacent to the future Herndon Metro station.

Herndon Station, which will be located near the current Herndon-Monroe Park and Ride, is part of Metro’s Silver Line Phase 2. It is expected to open in 2020.

There is a 135,000-square-foot building now on the site. The site has an anchor tenant: Booz Allen Hamilton. However,the property could yield roughly 906,400 square feet of additional mixed-use development. Booz Allen’s lease expires in four years, says the WBJ.

The site is owned by an affiliate of a fund managed by UBS Global Asset Management, which acquired the property in 2005 for about $29.2 million, according to Fairfax County land records, the WBJ says. It is assessed at nearly $21.5 million.

Colliers began marketing the property about 10 days ago and have already received a strong response from prospective buyers. A call for offers expected for early-to-mid July.

Interested developers will need approval to submit a development plan for the property, which is part of the Herndon Transit Oriented Core.

In 2012, the Herndon Town Council approved a 38-acre Herndon Metro Station Area Plan. The plan calls for transit oriented development at the site of Herndon’s future metro stop. Overall, the town expects to add 2,400 residential units and 3.1 million square feet of additional commercial space.

More new development is also coming to Herndon’s downtown, as the town council is reviewing proposals from several firms to revamp the 4.6-acre historic area. That redevelopment is not part of the transit-oriented core, however, as its location is more than a mile from future Metro stations.

Rendering of future Herndon Metro Station development/Credit: Colliers

  • Arielle in NoVA

    As long as they improve the Monroe-Worldgate thru Van Buren-Spring Street stretch, especially the Monroe/Van Buren-Herndon Parkway intersection, before increasing traffic there…

  • Ming the Merciless

    Dreadful soulless glass and steel high rises; yup, that picture says “Herndon” to me. Are there hardly any cars or people in the picture because most of the current residents of Herndon got deported by President Trump?

    Good thing Herndon is a town so they can stop all the unconstrained development that plagues Reston, eh?

    • reason

      Pretty sure it’s because all the white people are at home popping opiates and blaming everyone else for their problems, actually.

  • Chuck Morningwood

    Why the ToH would allow this is beyond me. That area is already plugged up during the evening rush. Are they going to widen Monroe/Van Buren into three lanes in each direction, or do they think all of the new employees and residents of the area will only use Metro?

  • Greg

    I would be happy if Herndon would level its manhole covers. Somehow whenever it resurfaces a street, it forgets to raise the manhole covers. Elden is especially bad.

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