Phase I of 80-Acre Development in Growing D.C. Submarket Breaks Ground
- May 25, 2016
Washington—Baltimore-based St. John Properties recently broke ground on the construction of Phase I of Ashburn Crossing, an Ashburn, Va., mixed-use development expected to bring a total of one million square feet of commercial space to Loudoun County.
Situated at the intersection of Gloucester and Loudoun County Parkways, the Ashburn Crossing project currently includes plans for eight office buildings totaling more than 500,000 square feet, as well as a 20.5-acre parcel reserved for future retail. Situated close to the Redskins Park and Dulles Park Center, the development will soon benefit from faster access to Route 28 due to ongoing work that will connect the artery directly to Gloucester Parkway this fall.
Close to Loudoun Tech Center and Ashburn Technology Park, Ashburn Crossing will offer much-needed space in a market hosting AOL, Verizon, Raytheon, Airbus, Equinix and a plethora of other NoVa hi-tech employers. The development also sits 5 miles from Dulles Airport and is within a one-hour ride from downtown Washington, D.C.
The Ashburn Crossing development debuts with two speculative R&D/office/flex properties of 45,120 square feet each. Designed to achieve LEED Gold certification, the two brick-and-glass buildings will offer direct access to Loudoun County Parkway. Phase I of the project will offer 18-foot ceilings and suites ranging from 2,560 to 45,120 square feet.
“We see numerous drivers that will continue long-term demand in the Loudoun County marketplace, including the technology, medical/healthcare and service sectors… Existing customers have also expressed the need for expansion space, so we are extremely confident proceeding with this development strategy,” said Matt Holbrook, regional partner for St. John Properties, in a prepared statement.
With the new Ashburn Metro station on the Silver Line on its way, Data Center Alley is witnessing interesting moves. Microsoft is teaming up with developers on a $500 million mixed-use project and transactions are also heating up in the area.
Image courtesy of St. John Properties