DULLES, VA—The developers of The Hub, a new joint venture between Chicago-based Origami Capital Partners and an affiliate of Westport, CT-based Greenfield Partners, are finalizing some of the transportation infrastructure work necessary to start eventually delivering buildings at the long-anticipated 5.5-million-square foot community formerly known as Dulles World Center, and will be making an announcement with more details about phase 1 and possible pre-leases in the near future, according to David Bennion, a spokesperson for the owners. Bennion declined to discuss more details about phase 1 other than to tell GlobeSt.com that “the owners envision that it will include multiple uses, including office and multifamily and likely a retail component.” Other work on infrastructure is set to begin as well.
Greenfield Partners worked for years to push Dulles World Center through Loudoun County's entitlement process. Last year, it brought in Origami Capital as a partner to form a new ownership group to develop the 85-acre site.
The Hub, as it is now called, is located on Metrorail's Silver Line less than one mile from Washington Dulles International Airport. The billion-dollar, 24-hour mixed-use gateway project — as the developers describe it —will be next to the future Innovation Center Metro station, which is scheduled to open in 2019-2020. The property is approved for 400,000-square feet of retail, 1,265 multifamily residential units, 3.5 million-square feet of office, and 350 hotel rooms. The Hub is the largest approved contiguous development site on Metro's Silver Line.
Developers can now purchase land bays for office, retail, multifamily and hotel uses. In addition, a partially protected 20-acre land bay on The Hub's western border could be used as a federal campus with up to one million-square feet of office space. Newmark Grubb Knight Frank is the office and retail broker for the project.
The two transportation improvements that are close to delivery are the realignment of Innovation Avenue in order to provide for a town center-style grid within the site, and a new Innovation Avenue interchange at Route 28.
Nearby projects are also moving forward. Colleen Gillis, a partner at Cooley LLC, recently helped secure county approval for mixed-use development of the 335-acre Loudoun Quarry site, to be renamed Waterside, which is next to The Hub. “Loudoun County, one of the fastest growing and most affluent counties in the US, is growing in new directions – from a bedroom suburb to a more urbanized live-work-play environment – while preserving its traditional rural character in the western area,” she said in a prepared statement.
DULLES, VA—The developers of The Hub, a new joint venture between Chicago-based Origami Capital Partners and an affiliate of Westport, CT-based Greenfield Partners, are finalizing some of the transportation infrastructure work necessary to start eventually delivering buildings at the long-anticipated 5.5-million-square foot community formerly known as Dulles World Center, and will be making an announcement with more details about phase 1 and possible pre-leases in the near future, according to David Bennion, a spokesperson for the owners. Bennion declined to discuss more details about phase 1 other than to tell GlobeSt.com that “the owners envision that it will include multiple uses, including office and multifamily and likely a retail component.” Other work on infrastructure is set to begin as well.
Greenfield Partners worked for years to push Dulles World Center through Loudoun County's entitlement process. Last year, it brought in Origami Capital as a partner to form a new ownership group to develop the 85-acre site.
The Hub, as it is now called, is located on Metrorail's Silver Line less than one mile from Washington Dulles International Airport. The billion-dollar, 24-hour mixed-use gateway project — as the developers describe it —will be next to the future Innovation Center Metro station, which is scheduled to open in 2019-2020. The property is approved for 400,000-square feet of retail, 1,265 multifamily residential units, 3.5 million-square feet of office, and 350 hotel rooms. The Hub is the largest approved contiguous development site on Metro's Silver Line.
Developers can now purchase land bays for office, retail, multifamily and hotel uses. In addition, a partially protected 20-acre land bay on The Hub's western border could be used as a federal campus with up to one million-square feet of office space. Newmark Grubb Knight Frank is the office and retail broker for the project.
The two transportation improvements that are close to delivery are the realignment of Innovation Avenue in order to provide for a town center-style grid within the site, and a new Innovation Avenue interchange at Route 28.
Nearby projects are also moving forward. Colleen Gillis, a partner at
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