Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Business Law
    • Commercial Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • Coronavirus 2020
    • Fantastic 50
    • Generous Virginians Project
    • Legal Elite
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read the issue
    • Order a copy
    • Buy an award plaque
    • Nominate execs for 2021

Advertisement

Header Primary Menu

  • Issues
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • Issues Archive
  • Industries
    • Banking/Finances
    • Business Law
    • Commercial Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • Coronavirus 2020
    • Fantastic 50
    • Generous Virginians Project
    • Legal Elite
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read the issue
    • Order a copy
    • Buy an award plaque
    • Nominate execs for 2021

Home News Industries Commercial Real Estate New ownership group gets behind Dulles World Center project

New ownership group gets behind Dulles World Center project

Published May 23, 2016 by Paula C. Squires

Rendering of completed expansion courtesy of Sentara Healthcare.

A new joint venture has gotten behind the Dulles World Center project in Loudoun County and has big plans for the 85-acre site.

Chicago-based Origami Capital Partners and an affiliate of Westport, Conn.-based Greenfield Partners said they would develop the site on Metrorail’s Silver Line. Located less than a mile from Washington Dulles International Airport, the joint venture has renamed the project The Hub, because of its central location.

The partnership, DWC Holdings LLC, plans a billion dollar build out for what would be a 24-hour, mixed-use gateway combining retail, entertainment, multifamily residential, office, and hotel uses.

The Hub is located at the intersection of the Dulles Toll Road and the Route 28 Technology Corridor, adjacent to the future Innovation Center Metro station, which is scheduled to open in 2019-2020.

The property is approved for up to 5.5 million square feet of density including 400,000 square feet of retail space, 1,265 multifamily residential units, 3.5 million square feet of office space and 350 hotel rooms.

Aspiring to build on the success of nearby Reston Town Center, The Hub’s new ownership said they would provide developers the opportunity to purchase land bays approved for office, retail, multifamily and hotel development.

According to the developers, a partially protected 20-acre land bay on The Hub’s western border is suitable for a secured, contained federal campus with up to 1 million square feet of office space.

“This is a phenomenal location, just minutes to the airport, which will be visible from The Hub’s new buildings,” David Bennion, an ownership representative, said in a statement.   “We envision taller buildings, with spectacular architecture, that will create an exciting environment of innovation, culture, community, and activity.”

Within a 10-mile radius of The Hub’s site is a population of more than 660,000 people with an average annual household income of $159,000. The joint venture reports that $17 billion is spent annually in the area on apparel, entertainment and services.

The Hub’s focal point will be a central promenade including outdoor recreation, retail and entertainment space. One level of retail will open to a landscaped outdoor plaza with water features, while a lower level will face the commercial buildings’ street-level stores.

The Hub’s lead retail consultant, Mitchell Friedel of Newman Grubb Knight Frank, said that retail amenities would be anchored by up to a dozen full-service restaurants, along with at least one significant entertainment venue.

The ownership group has invested a reported $9 million in two nearly completed transportation improvements that will open The Hub to development: realignment of Innovation Avenue to provide for a town center-style grid within the site and a new Innovation Avenue interchange at Route 28.

“With the first phase of Metro’s Silver Line completed and the second phase under construction, The Hub’s time has come,” says Colleen Gillis, a partner at Cooley LLP.

Gillis recently worked to gain county approval for mixed-use development of the 335-acre Loudoun Quarry site, to be renamed Waterside, adjacent to The Hub. “Loudoun County, one of the fastest growing and most affluent counties in the U.S. is growing in new directions – from a bedroom suburb to a more urbanized live-work-play environment — while preserving its traditional rural character in the western area,” she commented. “The Hub epitomizes this modern evolution …”

Related Stories

Virginia Business logo

HCA Virginia Health System starts construction on new emergency center in Loudoun County

Virginia Business logo

MicroPact signs lease for 41,690 square feet

HFF arranges $95 million financing for BLVD at Reston Station

Trending

Norfolk’s MacArthur Center may meet the wrecking ball

Heavy hitters

Virginia State Capitol. Photo by Conor Lobb, VCU Capital News Service

UPDATED: Va. becomes 2nd state with consumer data protection law

The Virginia Executive Mansion will be occupied by a new (or possibly returning) governor in January 2022. Photo by Kira Jenkins

Election 2021: Who’s running for governor?

University of Richmond names new president

Sponsored Stories

Supply Chains After a Year of Disruptions

The Jackson Ward Collective is equipping Black-owned small businesses with the tools for success

The Hottest Topic in 2021: Keeping People Connected

Advertisement

Advertisement

Trending

Norfolk’s MacArthur Center may meet the wrecking ball

Heavy hitters

Virginia State Capitol. Photo by Conor Lobb, VCU Capital News Service

UPDATED: Va. becomes 2nd state with consumer data protection law

The Virginia Executive Mansion will be occupied by a new (or possibly returning) governor in January 2022. Photo by Kira Jenkins

Election 2021: Who’s running for governor?

University of Richmond names new president

Sponsored Stories

Supply Chains After a Year of Disruptions

The Jackson Ward Collective is equipping Black-owned small businesses with the tools for success

The Hottest Topic in 2021: Keeping People Connected

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2021 Virginia Business. All rights reserved.

Site Maintained by TechArk