Speculative office project coming to Loudoun County
Buckeye Development will break ground on a $15 million, three-story, Class-A office building in Loudoun County on April 25.
According to an announcement by the county’s Department of Economic Development, the 54,000-square-foot building will be located at 19490 Sandridge Way, near the intersection of Lansdowne Boulevard and Riverside Parkway.
“I’m excited by the growing number of speculative construction projects in the county,” Scott York, chairman of the Loudoun County Board of Supervisors, said in a statement. “Speculative projects like this one speaks volumes about the community’s confidence in the Loudoun business climate.”
Riverside Office Park is located near Lansdowne Resort, Loudoun Inova Hospital, Howard Hughes Medical Institute and the future One Loudoun World Trade Center. “This new building will be situated on an elevation, and occupants will be able to see for 10 miles from the top floor. This is one of the most desirable office locations in the Lansdowne area,” said Ashburn District Supervisor Ralph Buona.
The office condominium under development by Buckeye, a residential and commercial developer based in Frederick, Md., is the second of four buildings planned for the site. Office suites for sale or lease will range in size from 1,200 square feet to 16,000 square feet per floor.
Buddy Rizer, the county’s assistant director of economic development, said Riverside Office Park will add to the diversity of inventory in Loudoun County. “We have more than 17 million square feet of office space, more than 14 million of industrial, more than 13 million flex, and about two million of mixed-use. This diversity of product means Loudoun County has a strong economic base.”