The Prince William Board of County Supervisors sold a key piece of Real Estate to developers who will develop Innovation Town Center, a mixed-use developments leaders hope will become a new destination.
This town center will consist of office, 80,000 square feet of retail space, 750 homes, 250 hotel rooms, and 333,000 square feet of office space.
The county hopes this purchase will continue to spur development at Innovation Park, an area just outside Manassas that’s home to the George Mason University Science and Technology Campus, the FBI, and the Prince William Science Accelerator that includes nine commercial wet lab spaces, serving an as an incubator for small life-sciences start-up firms.
Innovation Developer LLC and Castlerock Partners LLC based in McLean agreed to purchase 23 acres of land for $5.2 million, and which will develop the town center slated to be built next to the George Mason campus.
A representative from the George Mason University Science and Technology spoke out in favor of the project at the July 14 county board meeting. No residents spoke in opposition to the town center.
Before ground is broken on any projects out there, the zoning has to be changed, which will be done in December or January.
The Innovation Town Center will benefit neighboring Manassas, too.
“This type of development generates economic activity which will be beneficial to the City, especially as it includes housing for our workforce and new customers for our retail and restaurants,” said Manassas City Economic Development Director Patrick Small.
In the late 1990s, Prince William County purchased 500 acres of land that became Innovation Park.
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