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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.

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.

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