Search
 

Gramercy District Expands to 24 Acres Under New Agreement

CHANTILLY, VA--The smart city will open one year earlier with a building expected to deliver in late 2018, as part of this deal.

By Erika Morphy | erikamorphy | Updated on March 09, 2017

Gramercy District rendering. Photo by 22 Capital Partners. Gramercy District rendering. Photo by 22 Capital Partners.

CHANTILLY, VA–22 CityLink, the private equity company behind the $500 million  smart city it is developing here — which, it says, will be the first in the US — has reached an agreement with the landowner adjacent to the project, the Gramercy District. The agreement calls for the landowner, Ashburn 2005 LLC, a Leesburg, VA-based firm, to add its 8.15 acres to the campus, thus expanding Gramercy District to over 24 acres. Those 8.15 acres will be called Gramercy District West Campus or Gramercy West.

The deal also calls for a mixed-use retail and office building to be developed on Ashburn 2005′s acreage that will deliver in late 2018.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.