The Town of Herndon’s Planning Commission unanimously approved a request by a DC-based real estate firm to splinter the ownership of an office park located at Springpark Place.
Penzance is seeking the town’s permission to subdivide the property from four parcels with eight buildings to eight lots, each one building of its own.
No changes to the density and the overall revitalization plan, which is under review by the town, are proposed.
At a meeting last night (Monday), commission members unanimously approved the plan after town staff and the developer ironed out details surrounding maintenance, infrastructure, and proffer conditions.
Commissioner Sean Regan expressed some concerns about options for recourse if issues arise due to the presence of multiple owners.
“Who does the town go too for resource?” Regan said.
Town staff said the presence of a new property owners’ association would help mitigate any concerns. Additionally, the rezoning application requires the formulation of proffer conditions and more legal documents that provide the tow with more tools to address any issues.
“We would go after as many as we can,” said David Stromberg, the town’s zoning administrator.
Currently, all parcels and buildings are owned by Penzance, which hopes to sell off some of its buildings.
Photo via Town of Herndon