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St. John Properties’ $85M Arcola Center Pivots from Retail to Commercial Use
The Loudoun County Board of Supervisors has granted final approval to St. John Properties, Inc., for a zoning change of its Arcola Center project, a 34-acre business community located at the intersection of Loudoun County Parkway and Dulles West Boulevard in Dulles, VA. Development costs for the project will be approximately $85 million.
St. John Properties acquired the property in the summer of 2020 and subsequently sought to change the zoning from PD-CC-RC (Regional Retail Center) to PD-IP (Planned Development – Industrial Park) to reflect existing and expected market demand. St. John Properties now expects to develop between 340,000 and 450,000 square feet of R&D/office/flex buildings at the site.
Phase I entails the speculative construction of four office/flex/R&D buildings comprising of approximately 130,000 square feet, with the final concept consisting of up to 10 single-story and two-story buildings. Each will range from 22,240 to 45,120 square feet of space and offer flexible interior floor sizes.
- ◦Development
