Viva White Oak Developers Say They Are Close to Beginning Construction
Biz Journal is reporting that the developers of the $3 billion, 12 million-square-feet Viva White Oak project say that they are almost ready to begin construction on the 300-acre project.
The first phase of the project involves building 400,000 sq. ft. of bio-tech/office space and 400,000 of residential and retail along FDA Blvd. The project is looking to turn an old waste processing facility and quarry into a mixed use destination.
About Viva White Oak:
“The County and Global LifeSci Development Corporation (GLDC) signed a General Development Agreement in June 2016. The Sketch Plan for the entire Viva White Oak project was approved by the Montgomery County Planning Board on November 30, 2017. GLDC held a public meeting on March 1, 2018 for their Preliminary Plan application. A groundbreaking ceremony for Viva White Oak was held on October 22, 2018. The Planning Board reviewed and approved Viva White Oak, Preliminary Plan No. 120180240 on November 29, 2018.
Demolition of the former Site 2 property was completed June 2019.”
“Currently, the 300-acre Viva White Oak community is planning for approximately seven-million-square-feet of commercial development and 5,000 residential units. Viva White Oak is being jointly developed as a public-private partnership between Global LifeSci Development Corporation (an affiliate of Percontee, Inc.) and Montgomery County, Maryland.
It is our intention that great neighborhoods and a great village will be the definitive piece in attracting the best and brightest minds to this location. Great housing and great amenities such as fine dining restaurants, theaters and clubs, shopping at national or local stores, and acres of open and recreational space, directly linked to the academic campus, the adjacent hotel, and concentrated blocks of office and research, development and lab buildings, will make this a World Class life sciences center.”