(For more retail coverage, click GlobeSt.com/RETAIL.)
DULLES,VA-Having received approval from the Loudoun County Boardof Supervisors of its Comprehensive Plan Amendment, BuchananPartners is getting set to break ground on the first phase of a$1-billion, 400-acre mixed use project in Arcola, a submarket herethat is located along Route 50 in Loudoun County. There are stillsome minor rezoning issues to be settled, according to a source,but these are not major and the firm is currently working throughthem. Phase 1 includes the construction of a retail center.
Arcola Center will be built over a 10-to-20-year period. Alltogether there is 2.1 million sf of office and commercial spaceplanned, 1.1 million sf of retail space as well as 80 acres oftownhomes and multifamily units. Two hotels and a civic/culturaltourism and educational site, which will feature a restored slavequarters dating from the early 1800s, will also be developed.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
