Loudoun developments to keep an eye on for 2014
In the first of a two part series, the Times-Mirror looks at four mixed-use developments in Loudoun County to provide a preview of development in 2014.
Designed as walkable environments, these new communitites provide Loudouners the chance to rely less on their car and put a lot of what is needed for daily living in one location.
Location: Route 50 and Loudoun County Parkway
Developer: Buchanan Partners
Fact Sheet: 2.2 million square feet of office space, 1.1 million square feet of retail, three hotels and 1,169 residential units.
In October 2006, the Board of Supervisors commissioned a task force to “encourage the revitalization of the Village of Arcola by creating a mixed use, pedestrian scale village.”
Seven years later and a little weathered from the recession, Jimmy Roembke, a project manager at Buchanan Partners, the Arcola Center developers said, “We are working through the residential right now.”
Its website touts Arcola Center as “a vibrant, 24-7 community that combines residential, commercial, retail, entertainment, and cultural uses.”
The hope is that residents will attract retail, and then office tenants will follow.
Buchanan Partners is in the process of selling finished lots to Ryan and NV Homes right now.
Roembke stated that a few retail outlets are interested in space at Arcola Center, though specifics were not available.
The projet is also working with several local organizations to make the restored historic Arcola slave quarters a “cultural anchor” for the area.
Location: At the intersection of the Dulles Toll Road and Route 28.
Developer: Greenfield Partners
Fact Sheet: More than 3 million square feet of class-A office space, 1,265 residential units, 350,000 square feet of retail, including a movie theater, 130,000 square feet of civic space and a 350-room hotel
Dulles World Center will be located across the street from the Dulles International Airport, and will be accessible via the forthcoming Innovation Center Silver Line stop.
The development will straddle both Fairfax and Loudoun Counties.
Earlier this year, there was some disagreement between the Loudoun Board of Supervisors and Greefield Partners over whether or not the project would initially focus on building office space.
“It is in this environment we have grave concerns about our ability to deliver 1.4 million square feet of office development before the first residential unit,” Colleen Gillis Snow was quoted as saying to the board by the Washington Business Journal.
One of the largest concerns for the county now is bringing in commercial real estate developers to help build up the commercial tax base as the residential developments grow.
Location: The intersection of Route 7 and Route 28 near Dulles Town Center in Sterling
Developer: TriTec Real Estate and Norton Scott LLC.
Fact Sheet: More than 4 million square feet of class-A office space, with 500,000 square feet of restaurants and retail, a performing arts center, a 520-room hotel and 1400 multifamily units
There was a groundbreaking for a 1.5 mile extension of Pacific Boulevard on Dec. 19. It was a bright spot in what has been rough going for the development since its inception.
The extension connects Pacific Boulevard from Route 606 to Ashburn Village.
Environmental issues caused an early hiccup and the original center piece for the project, the Hounds ballpark, has since moved to One Loudoun.
In addition to the Pacific Boulevard groundbreaking, there is an extension to Gloucester Parkway expected in January 2014.
The road networks will free the Kincora development to begin construction on 522 multifamily units.
Some of the houses will be for-sale properties and others will be apartments.
The housing units are expected to be finished near the end of 2015. according to Michael Scott, the managing director of Norton Scott LLC., a co-developer of Kincora.
Scott expects to see non-residential development starting in 2016, including a performing arts center, which may not open until 2017.
Location: Off the intersection of Route 7 and Loudoun County Parkway
Developer: Miller and Smith
Fact Sheet: Three million square feet of office space, more than 700,000 square feet of upscale retail space as well as a baseball/soccer ballpark. 1,040 mixed townhomes single family and apartments
Yes, the sign is in the ground. No, the baseball stadium is not up yet. One Loudoun has had its anchor Loudoun Hounds and Virginia Cavalry FC postponed until 2015 due to construction issues with the ballpark.
The development does have Alamo Drafthouse, The Fresh Market, Bar Louie and other retail outlets already open.
Success from those stores seems enough to keep retailers coming. Slated to open in 2014 are Uncle Julio’s, Elevation Burger, Flow Hair and Beauty Bar, Phenix Salon Suites, Meadows Frozen Custard, Tropical Smoothie and various dentist and doctors offices.
“Nobody has backed out because of the delay at the stadium,” said Julie Dillon, the vice president of marketing at One Loudoun.
“We have unique restaurants and shops that are coming,” Dillon said. Since the ink isn’t dry on leases information on those hasn’t been released, but Dillon says to expect more on those developments in 2014.
One Loudoun is doing well on the residential real estate front. To date the development has sold 317 of the possible 450 homes in their first phase of selling, averaging 4.5 home sales a week in 2013.