Developers Expressing Interest in Downtown Herndon

There are signs of interest in redevelopment in downtown Herndon already.

On Tuesday the Herndon Town Council passed a resolution that authorizes Mayor Steve DeBenedittis to sign a Letter of Intent for downtown development concepts and a potential contract for Beltway Investment Group, Inc.

Herndon’s Downtown Master Plan was adopted in February and since then the town has been pursuing possible public and private projects. The LOI will allow the town to consider selling town-owned property at the northwest corner of Center and Vine streets to BIG. Currently that portion of land is used as overflow municipal parking for events such as Friday Night Live.

When considering the Downtown Master Plan last winter the Town Council left the options open for the parcel of land. They said they would consider proposals for multi-family housing, townhomes or single-family housing. The DMP did not originally factor in single-family housing on the parcel.

BIG plans to construct 18 single-family homes, which would be age restricted to those 50 and older, on the 2.41 acres. BIG is seeking a purchase contract date on or before Nov. 18, 2011, and a closing date on the property on July 12, 2012.

During Tuesday’s public hearing, Vice Mayor Lisa Merkel said she was glad they left the options for the parcel of land open and is excited to see a plan for single-family homes.

The Council unanimously passed the resolution.