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
Penzance, a DC-based real estate firm, is setting itself up to sell off parts of Spring Park, an office park located at Springpark Place.
The developer is seeking the Town of Herndon’s permission to subdivide the property, which currently has eight buildings on four parcels, into eight lots with each lot containing a building and some site improvements.
Currently, all the parcels and buildings are owned by Penzance. The company hopes to sell “some of the buildings” while “some” will remain under control by Penzance, according to a Sept. 14 application by the firm.
“It is unclear at this time how many that is,” according to the application.
The Town of Herndon’s Planning Commission will hold a public hearing on the issue today (Monday) at 7 p.m.
At a previous meeting this month, staff said the possibility of multiple owners raised concerns about future maintenance of shared infrastructure as well as the lack of existing and shared parking.
The town is also currently reviewing a plan by Penzance for minor site improvements to the office park.
The office park is located within a mile of the firm’s planned major mixed-use neighborhood near the future Herndon Metro Station.
Photo via handout/Town of Herndon
Penzance, a DC-based real-estate firm, is offering a peek into its revitalization plans for Spring Park, an office park located at 455 and 475 Springpark Place.
The office park is located within a mile of the company’s planned major mixed-use neighborhood near the future Herndon Metro Station. The firm acquired 10 single-story buildings for $75 million nearly one year ago.
In an Aug. 5 presentation to the Town of Herndon’s Architectural Review Board, Penzance indicated it is looking into “revitalizing the whole site” and improving its connection to the Washington & Old Dominion Trail.
So far, Penzance has pitched exterior changes to four buildings: 450, 455, 465, 470, and 485. New exterior materials — like terraces with synthetic wood flooring and trimming, buffed cultured stone, and repainted entrances — are planned for several buildings. New signage and wayfinding are also planned, including a new monument sign at the main entrance.
The building that has the most visibility from Spring Street — building 450 — will have the most substantial changes, including a new terrace, metal cladding over parts of the building, a pergola, and new lights.
Building 485, which is located on the southeastern corner of the site, will also include a new terrace, metal awning, and other structural changes. Other modifications to the remaining buildings are minor, according to the application.
Penzance is also moving forward on its new mixed-use project at 555 Herndon Parkway. A suburban-style office building will be transformed into a high-rise office building with a residential tower. Retail space and a garage are also planned.
Photo via Town of Herndon
Within the last five years, more than 500 residential units have been proposed at the door of the future Herndon Metro Station, which is on track to open by the end of 2020 In all three place-making projects that were recently approved by town officials, there are no affordable or workforce housing units.
Comstock’s downtown Herndon redevelopment project — which has 273 apartments — and Penzance’s mixed-use development less than one-tenth of a mile from the future station — which has 455 residential units — will not have any ADU or WDU units. Stanley Martin’s Metro Square project — which has 64 two-over-two condos — also has none. Prices for those units start at $679,990.
Newly elected town council members Cesar del Aguila and Pradip Dhakal are currently mulling ways to create more new affordable and workforce housing. They plan to discuss policy instruments with the county’s Board of Supervisors, the town’s legal staff, and other town and county officials to decide next steps.
“If we do not interfere now and talk to builders, it will be very difficult to manage later. This is the time for the change,” Dhakal said. “We need to work with the county and work independently as a town to see what we can do.”
It’s unclear if the town has enough workforce housing to meet the demands of people who work within or near the town’s borders. The number of residential units in Herndon is expected to increase by 30 percent over the next 25 years, according to county data. Major growth is anticipated in Herndon’s transit station areas.
Unlike Fairfax County, the Town of Herndon does not the statutory authority to mandate the inclusion of workforce or affordable housing units. But now, as the Silver Line trains approach, some local elected officials are pushing for the town to explore ways to include workforce units in new developments at a critical juncture in the town’s history.
Policy options could include seeking state-enabling legislation to create an ADU and WDU program for the town — likely modeled after the county’s program.
Others are looking to dip more into the county’s penny fund — which includes tax dollars from town of Herndon residents and has historically been used to preserve and promote affordable.
But some caution that a WDU and ADU program managed by the town could be too cost-inhibitive.
Melissa Jonas, chairwoman of the Town of Herndon’s Planning Commission, said seeking such a change would likely require a town charter amendment, state-enabling legislation, the creation of a housing office, and other administrative requirements that could result in a “net zero” win for the town.
“It’s not easy and it’s not cheap,” Jonas said.
Jonas, who has worked with the county on numerous affordable housing initiatives, notes that affordable housing is a region-wide challenge that cannot be addressed in isolation of other issues and initiatives.
In the past, the town has leveraged its relationship with the county — which has the administrative and financial resources to maintain and preserve older affordable housings units — to ensure inclusion and housing affordability are a priority in the town. Town officials have also made an effort to educate the town’s planning commissioners about housing affordability issues as new applications cross their desk.
The town’s comparative advantage lies in finding other ways to ensure projects are affordable — including working with places of worship to pursue creative new projects on unused land, increased transparency about development approval timelines, and decreased the cost of doing business in the town.
The county currently provides most of the funding for the town’s housing rehabilitation specialist, who finds ways to preserve and rehabilitate current affordable and workforce housing units. The county also provides administrative support for housing vouchers and other federal programs.
Projects like the units set aside for lower-income households at Herndon Harbor House II are a good start to ensure housing affordable is a central part of community planning. That retirement community was partly financed by the Low Income Housing Tax Credit program.
Dhakal says that’s not enough and Del Aguila says that a town-led ADU or WDU program is “the right thing to do.”
“This initiative will provide several benefits: positively impact the future of many people [and] families by providing an option for home ownership in Northern Virginia, improve the quality of life for people in our town… and create opportunities for financial security for more residents,” he said.
Not everyone on the council is convinced of the need to enable the town to regulate affordable housing, including town councilmember Signe Friedrichs.
Friedrichs says there is a lack of consensus on whether or not there is enough affordable housing in the town and that the county is better positioned to manage housing affordability programs. Instead of managing its own program, the town should work with the county to maintain and improve affordable housing options.
“I moved to Herndon partly because it was affordable, and I hope it can stay that way while also improving its housing stock. But I also hope we can maintain, improve and possibly expand our workforce and affordable housing without also increasing our budget, the cost of which would cause people to move out of town,” Friedrichs said.