Community Corner
Huge Redevelopment Project Coming To Herndon
A private equity firm reportedly has purchased a 4.8-acre site near the planned Metro station in Herndon.
HERNDON, VA -- A private equity firm based in Falls Church has big plans for a huge property adjacent to the planned Silver Line Herndon station.
Kiddar Capital announced that it has acquired the 4.8-acre site at 575 Herndon Parkway, which will be the landing site for the platform of the Herndon Silver Line station, set to open in 2020.
Kiddar Capital will hold the property for no less than three years and no more than 10 years before redeveloping the site, the firm said in a statement.
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“This site is at the center of a vibrant community with local leaders committed to bringing new jobs and investment to their jurisdiction. Herndon’s leadership and larger community understand that good infrastructure drives development and economic growth,” said Kiddar Capital founder and CEO Todd Hitt in the statement. “We look to invest on new infrastructure whenever possible, and are thrilled about this opportunity to steward the ownership of a metro-centric site in the town of Herndon.”
Image via WMATA
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