Another prominent development parcel near the King Street station is the old Reed Theatre site located between Commonwealth Avenue, King Street and Cameron Street. Owned by the Dominion Companies, the plan for this 4.30 acre parcel includes a 178 room hotel and up to 400,000 square feet of office and commercial retail space. Phase I of this project, including 80,000 square feet of office space in four buildings, is nearing completion.
There has been less Metro related development activity around the Eisenhower Avenue Metro Station subarea. Since the construction of the Hoffman Buildings, the area has experienced an additional 707,000 square feet of office development including the Eisenhower Center, Tech Center and GT Metro Center projects and the American Trucking Association building.
The type of development activity in the Eisenhower Avenue area, however, has not been limited to office uses. The Metro Service & Inspection Yard was constructed on a 15.7 acre site at Bluestone Road and Eisenhower Avenue. This facility includes six buildings with 268,000 square feet of space.
The 182,000 square foot Public Safety facility was constructed on Mill Road on a 8.8 acre site to house the City jail and police headquarters. The City's Homeless Shelter and Substance Abuse Center was constructed further north along Mill Road.
In addition, there has been 54,000 square feet of warehouse mini-storage space and 107,000 square feet of warehouse/commercial space constructed.
Future Development Potential
As the King Street Station area approaches buildout the Eisenhower Avenue area becomes the focus for examining future development potentials and their impacts. Development which has occurred over the past 15 years may be only a short prelude to substantial potential development which could occur over the next 20 years.
This analysis examines future development potential from several perspectives. First, known projects are identified as an indicator of development interest and intentions in the area. These projects have approval, are pending review or have been announced as active developments planned for the near future. Second, the analysis looks at the supply of land and existing zoning to determine the theoretical remaining development potential of the area. Third, the analysis examines development potential in terms of market constraints.
Pending Development Proposals
Map 5 shows development proposals which have been recently approved, are pending approval or have been announced. As indicated, the largest of these proposals is the CNS project.
Carr/Norfolk Southern Project (CNS)
The CNS project is located on 76.5 acres of land used for railroad trackage, the Curtis Lumber Yard, the Alexandria Scrap Yard, the Duke Street Shopping Center, warehousing and the Carpenter's Homeless Shelter Center on Duke Street.
When completed over the next 20 years, the Plan envisions 4,225,000 net square feet of office space, 1,884,000 net square feet of residential space, 300,000 net square feet of hotel space, 378,000 square feet of retail space and a 4,500 square foot day care center.
To serve this project the Plan calls for 11,900 parking spaces located in underground and above ground parking structures throughout the project site area. The Plan also contains 25.4 acres of open space which include sidewalks, courtyards, plazas, gardens, active recreation facilities and a major park along Hooff's Run.