A block of office buildings in Herndon previously known as the Spring Park Technology Center is getting rebranded as “Marker 20” as part of a revitalization that will emphasize the development’s proximity to the Washington & Old Dominion Trail.
Pedestrians already cut through bushes along the perimeter of the business complex at 450-485 Springpark Place to access the trail, so property owner Penzance is looking to formalize that connection with the new name.
A new look is being considered for a Herndon Parkway development that has been in the works for more than half a decade.
The Herndon Town Council heard proposals from Penzance Properties to alter the development plan for 555 Herndon Parkway on Tuesday (April 6). Plans for the property have been years in the making after being first submitted in 2015.
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.
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.
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.
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.
