Communications and Marketing Manager
Last month, our Board of Supervisors acted to extend Metrorail service into Loudoun County. If your company is on a fast-growth track, you might consider locating it near a Silver Line Metro station.
The Silver Line gives you transit access to the one million workers living within a 20-mile radius. Your company would also be one or two rail stops away from Washington Dulles International Airport, which connects Loudoun to 80 percent of the world’s economies.
A study conducted by Robert Charles Lesser & Co. Real Estate Advisors shows that the Loudoun Metrorail stations will result in an additional 1.4 million square feet of office space development; 670,000 square feet of retail development, and almost 300 more hotel rooms.
In addition to expanding available commercial real estate, officials expect Metrorail to dramatically boost county employment.
Fifty-four percent of all regional jobs are within a half-mile of rail stations, according to a 2010 study by the Washington Metropolitan Area Transit Authority. The Metro will give Loudoun businesses better access to the regional workforce, which has the highest education level in the U.S.
Another advantage of locating near the new Loudoun rail stations is lower rent than is available in built-out jurisdictions further up the rail line.
A number of developers already have major plans for developments near the Loudoun stations.
The Claude Moore Foundation has begun work on the nearby Moorefield Station, a 600-acre mixed-use development combining 9.4 million square feet of commercial space with 6,000 housing units. Moorefield Station is located at the terminus of the Silver Line Metro expansion on the south side of the Dulles Greenway.
Collocated at the terminus (Route 772) on the north side of the Greenway is Comstock’s Loudoun Station. Construction continues; residents have begun moving into the luxury apartments. Starplex Cinemas just announced a lease at the property, and additional retail is ready for buildout. The mixed-use development, as well as Moorefield Station, will also offer more than a million square feet of Class-A office space; 300,000 square feet of restaurants, shops and other retailers; a hotel, and 1,100 additional luxury residences.
Dulles Gateway Associates hopes to build what it’s calling “International City” at the Route 606 station. It would include a convention or exhibition center; high-end retail; hotels; office buildings; park amenities and an entertainment district.
Companies already located near the planned rail route in Loudoun include AOL, Raytheon, Lockheed Martin, Amazon, MC Dean, Niitek, IT Cadre, Verizon Business and Digital Realty.
Our department has a Fast-Track Commercial Incentive Program to help qualified businesses take advantage of the rare opportunity Loudoun Metrorail represents. We have extensive experience and expertise in working with state and local regulatory agencies to help businesses with commercial real estate projects. If you’re interested in exploring relocation or expansion opportunities near a Loudoun Metro station, contact Rick Morris.