Buchanan Readies for $1.4B of Projects Here

DULLES, VA-Local developer Buchanan Partners is focusing a great deal of its resources along the Dulles Corridor–and shows little sign of backing away from the market in the near term. It has just completed a 750,000-sf commercial flex condo complex and recently broke ground on a $35-million site, which will be developed as two- to seven-acre for-sale commercial lots. It is also getting set to break ground on the first phase of an ambitious $1-billion, 400-acre, mixed-use project in Arcola, a submarket here.

Beyond that the developer is “constantly looking at new parcels of land,” Kathy Devine, vice president of sales and leasing, tells GlobeSt.com. “This is a market we feel very strongly about.”

Its most recent project is the 57-acre, 750,000-sf Dulles Trade Center I commercial flex condominium complex located on Route 606 west of Washington Dulles International Airport in Loudoun County. Devine says the units are now 30% sold. “Activity is very good there.”