News Ground broken at Manassas Gateway, now Landing at Cannon Branch
MANASSAS, Va. — The Gateway development at Route 28 and Godwin Drive is now called The Landing at Cannon Branch.
The name comes from the creek that forms the retention pond next to the property.
City officials and developers broke ground on the project on Tuesday.
From a city press release:
Send news and photos to Potomac Local
Today, representatives from the City of Manassas and Buchanan Partners, a full-service real estate development firm operating in the Washington, D.C. metro area, came together to break ground on The Landing at Cannon Branch. The two entities have formed a public-private partnership to develop the city’s only waterfront property, commonly known as Gateway property and located just off of Prince William Parkway, in a way that will spur community engagement and economic growth.
The Landing at Cannon Branch property—40 acres located on Gateway Drive, between Prince William Parkway/Route 234 Bypass and the Manassas DMV—is to be transformed into a space for retail, offices, restaurants, hotels, and over 270 new homes. The project will be developed in phases, with the initial phases already underway.
Last week, the city sold the first 9 acres of residential property to Buchanan Partners for $6 million. These proceeds will be reinvested in the community and over the next 6 months, Buchanan Partners will prepare the site and install the utilities that will make residential and commercial construction possible. Additionally, Buchanan Partners is aggressively pursuing Heritage Brewing to bring them on as an anchor tenant for their new brewery and restaurant, and the City currently has a parcel under contract to a hotel developer.
The Landing at Cannon Branch project is expected to generate more than $250 million in new investment, nearly $20 million in land sale proceeds for the City of Manassas, and $3 million in real estate taxes down the line. In addition, the new development is expected to generate jobs and tie into local businesses at the Manassas Regional Airport and Innovation Park.
Subscribe Now for Free!
Get updates straight to your inbox.
A word from our sponsors...
February 23, 2017
February 20, 2017
February 16, 2017
February 16, 2017
February 9, 2017
February 7, 2017