Town of Herndon Officially Transfers Land to Comstock for Downtown Herndon Redevelopment

The Town of Herndon has officially closed on its transfer of 4.7 acres of town-owned land to Comstock Holding Companies, a move that sets the redevelopment of downtown Herndon into motion.

The public-private partnership between the town of Comstock will create “the centerpiece of Herndon’s revitalization plan for its historic downtown,” according to a recent press release.

“We are excited to have completed this important part of the process and look forward to redeveloping this key piece of downtown Herndon into a vibrant mixed-use development,” said Christopher Clemente, CEO of Comstock.

The mixed-use project was officially approved by the Herndon Historic District Review Board but had been delayed by nearly a year to a number of issues, including ongoing negotiations between the town and the real estate development company.

Once completed, the new mixed-use development, which is next to Herndon’s Old Town Hall, will include 273 residential apartments, 17,300 square feet of retail and cafe space, a new arts center, three public plazas, and a 726-space parking garage.

Herndon Mayor Lisa Merkel, who is ending her eight-year term this month, noted that the closing was the “culmination of years of careful planning.”

“Dynamic living spaces, retail, restaurants, the arts – all will come alive in downtown Herndon as a result of our collaboration with Comstock,” she said.

The town will pitch in $3.6 million over the course of the project while the company will be able to take advantage of $2.5 million in tax breaks through a recently established ordinance. The land was transferred at no-cost but under rules governed by a comprehensive agreement signed by both parties. The town will receive public amenities and infrastructure as part of the project. 

Photo via Town of Herndon

Recent Stories

Pedro Benedito Chimo Mandriz (Courtesy) When Pedro Benedito Chimo Mandriz’s family returned to their home country of Angola, he stayed in the U.S. to pursue his dream of running his…

Although the pandemic wreaked havoc on supply chains and labor demands, the state’s massive improvement project along the Route 7 Corridor remains on track. The $313.9 million project will improve…

Morning Notes

Library Testing Kits Put On Hold — County libraries will no longer provide COVID-19 rapid tests for distribution. The program, which is managed by the Virginia Department of Health, is…

Traffic safety advocates from across the D.C. area have banded together to urge local officials to make improvements that they believe could help prevent the next death of a pedestrian…

×

Subscribe to our mailing list