Kristin Panzarella, CPS, 571-282-4024, ext. 18
Fairfax County, Virginia USA, Friday, November 12, 2010 -
The Fairfax County Economic Development Authority (FCEDA) on November 10 presented “BRAC Update: Office Development Opportunities” to let commercial developers and property owners know about potential office construction possibilities in southeastern Fairfax County.
The 2005 decision under the Base Realignment and Closure (BRAC) Act to relocate more than 22,000 Defense Department personnel to Fort Belvoir in southeastern Fairfax County spurred action by Fairfax County to replan and rezone nearby commercial areas in the Richmond Highway corridor and the Springfield, Newington and Lorton areas. This includes 7.4 million square feet of office development that has been approved or submitted for county approval and 6 million square feet of office space that is possible after recent approval of amendments to the Fairfax County Comprehensive Plan.
The event featured presentations from Curtis Hoffman, senior manager, market research and real estate, at the FCEDA; Marianne Gardner, chief, policy and plan development branch, Fairfax County Department of Planning and Zoning; Travis Edwards, chief, BRAC outreach, Fort Belvoir; and Kyle Talente, president, Southeast Fairfax Development Corporation. Fairfax County Supervisor Jeffrey C. McKay (Lee District), whose district includes the north post at Fort Belvoir, also spoke about the importance of the new economic development opportunities for his district and the southeastern portion of the county.
The presentations can be found on the FCEDA Web site at www.fairfaxcountyeda.org/brac.
“The BRAC decisions represent a tremendous opportunity for southeastern Fairfax to emerge as an employment center and to contribute net tax revenues to the county’s real estate tax base. This program was designed to get the very latest information on office space development opportunities to the development community so they can plan for and respond to the new market conditions,” said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA.
Time magazine called Fairfax County, “one of the great economic success stories of our time.” Business growth and innovation helps Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.
The award-winning Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in seven important global business centers: Bangalore, Boston, Munich, London, Los Angeles, Seoul and Tel Aviv. Follow @FairfaxEBird for FCEDA and Fairfax County business news.
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